Technical Analysis: $PHA 🤑💰🔥💯

/USDT on Binance

Current Price: $0.2999 (-13.65%)

24H Range: $0.2946 - $0.3508

24H Volume: 133.85M PHA

📉 Recent Trend:

PHA/USDT has faced significant bearish pressure, dropping 13.65% in the last 24 hours. The price has tested a low of $0.2946, with a current level at $0.2999. Short-term resistance is seen at $0.3050, while support is holding steady around $0.2950.

📊 Indicators:

RSI: Oversold territory, signaling potential for a reversal.

EMA: The 15-minute chart suggests downward momentum, with the price trading below the 50 EMA.

📌 Key Levels to Watch:

Resistance: $0.3050, $0.3150

Support: $0.2950, $0.2900

Trading Insight:

For short-term traders, keep an eye on the $0.3050 level for a potential breakout. A drop below $0.2946 may indicate further downside momentum. Long-term holders may look for consolidation signals before re-entering.

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