📉$PHA PHA/USDT Price Update 📉

Current Price: $0.3357 (-11.05%)

PHA is facing significant downward pressure, breaking through key support levels as bearish momentum dominates.

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Key Statistics

24H High: $0.3968

24H Low: $0.3300

24H Volume (PHA): 234.61M

24H Volume (USDT): 83.79M

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Technical Levels to Watch

1. Support:

Immediate support at $0.3300.

Stronger support at $0.3100.

2. Resistance:

First resistance at $0.3510.

Stronger resistance at $0.3750.

3. Indicators:

MACD: Weak bullish crossover, but overall momentum remains negative.

DIF & DEA: Trending downward, suggesting continued bearish sentiment.

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Trading Strategy

❌ Bearish Setup:

Entry: Short below $0.3400 with targets at $0.3300 and $0.3100.

Stop Loss: Above $0.3500.

✅ Bullish Reversal Setup:

Entry: Buy above $0.3510 with targets at $0.3750 and $0.3968.

Stop Loss: Below $0.3300.

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Market Sentiment

PHA is under heavy selling pressure. A recovery above $0.3510 could attract buyers, while further declines below $0.3300 might lead to extended losses toward $0.3100.

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