Guys, $PHA is showing strong momentum, but price is now sitting near a key resistance area around $0.0310.
I’m watching for a push toward $0.0310–$0.0320. If price sweeps this area and gets rejected, I’ll look for a short.
Downside targets: $0.0290 → $0.0275 → $0.0260
But if $PHA gets a strong 4H close above $0.0320 and holds it, I won’t short—the bullish move could continue higher.
For now, don’t chase. Let price test resistance first, then trade the reaction.
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Glassnode’s latest analysis shows that Long-Term Holder (LTH) supply explains more of BTC’s realized volatility than market cap, open interest, or turnover. With a large portion of supply sitting with long-term holders, fewer coins are actively circulating in the market, helping suppress day-to-day price swings.
👉 This suggests that holder behavior and supply dynamic...