Paxos secured SEC registration on Could 29 as the primary blockchain-native clearing and settlement company, strengthening PAXG’s institutional credibility and supporting crypto adoption as tokenized gold leads RWA on-chain liquidity whereas the broader tokenized asset market tops $30 billion and is projected to achieve $8.2 trillion by 2030. Regardless of these adoption and fundraising tailwinds, PAXG trades at $4,304 on June 6, down 0.37%, sitting under all 4 every day EMAs with a Supertrend bearish at $4,539 and a tightening descending channel into July, signaling short-term technical weak spot.
Bearish
