✅ Phoenix (PHB)
💠Phoenix is a Layer 1 and Layer 2 blockchain infrastructure, supporting smart Web3 applications, focusing on the next generation of AI & privacy-enabled Web3 applications. Phoenix (PHB) is a cryptocurrency and operates on the BNB Smart Chain (BEP20) platform.
💠#PHBtoken has been in circulation for a long time, so there is no emission obstacle, which is a plus for #PHB
💠 Looking at the daily chart, we see that#PHBcreates a bear trap in August, September 2024. Usually, the buy point is right after the price completes the bear trap and returns to the old price level.
💠 From another perspective, the price of#PHBis trading in a symmetrical triangle for a long time. And breaks out of the triangle on November 28, 2024. This is the second buying point according to technical analysis.
💠Also from the technical analysis perspective, we will have the first target as 100% from the breakout point (about $4).
- The second target is equal to the widest part of the triangle, corresponding to 153% (about $5).
💠 According to fibo, we have a target of $5.8. In special cases, fomo can be up to $8.7.
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