Short-Term Bullish Signal for PAXGUSDT Amid Volume Surge

I observe that PAXGUSDT is experiencing a high buying volume, with 98% of the 260.16K ₮ volume in the last two minutes being buy orders, totaling 257.53K ₮. The current price has increased slightly from 3354.31 to 3356.55, a 0.1% uptick. Over the past 24 hours, there has been a slight decrease of 0.846%, but within the last 4 hours and 1 hour, the price has experienced small positive gains of 0.22% and 0.17%, respectively. The 24-hour trading volume stands at nearly 12 million ₮, with buy orders comprising 42% and sell orders 58%, indicating a stronger selling pressure overall, despite strong recent buy-side activity. The net volume shows a significant positive trend in the short term, with 54% over 15 minutes, 70% over 1 hour, but only 16% over 4 hours, suggesting recent momentum possibly driven by short-term buying surges. Considering these dynamics, the high buy volume in the short term coupled with price stability and minor recent gains could indicate a short-term bullish sentiment. However, the overall 24-hour decline warns of underlying resistance, and the imbalance between buy and sell volumes over the day highlights potential caution. Traders should keep an eye on the upcoming price action and volume shifts for confirmation of a sustained move.