Pha
la Network has finally broken out of its previous sideways phase and traders are now actively buying this privacy focused infrastructure coin
In the earlier market snapshot $PHA was sitting quietly around zero point zero two seven dollars with a negative daily performance of minus two percent and a very low volume that kept most buyers waiting for a clear signal
The order book back then was almost evenly split between buyers and sellers which showed that the market was undecided and no strong momentum was present
The price had touched a high of zero point zero three five dollars earlier but then fell back into a slow downtrend that lasted for several days
Now the picture has changed completely because $PHA has climbed to zero point zero three zero dollars with a strong eleven percent daily gain that signals a real shift in market sentiment
The moving averages are now fanning out in a bullish alignment and the seven day performance is up over sixteen percent which confirms that buyers are stepping in aggressively
The thirty day performance has also jumped to forty two percent which shows that this is not just a one day pump but a sustained recovery
The volume has increased significantly compared to the previous session and the bid side is holding fifty percent of the depth which means buyers are still in control at this moment
This does not mean the risk is gone because the yearly performance is still down heavily and the crypto market can reverse at any time
But for now the data clearly shows that $PHA has moved up with strong conviction and people are actively trading it again
The real question is whether this breakout can hold above the zero point zero three level or if it will fade back into the same quiet range we saw earlier
#PhalaNetwork #CryptoTrends2024 #tradinprofit #WriteToEarn
la Network has finally broken out of its previous sideways phase and traders are now actively buying this privacy focused infrastructure coin
In the earlier market snapshot $PHA was sitting quietly around zero point zero two seven dollars with a negative daily performance of minus two percent and a very low volume that kept most buyers waiting for a clear signal
The order book back then was almost evenly split between buyers and sellers which showed that the market was undecided and no strong momentum was present
The price had touched a high of zero point zero three five dollars earlier but then fell back into a slow downtrend that lasted for several days
Now the picture has changed completely because $PHA has climbed to zero point zero three zero dollars with a strong eleven percent daily gain that signals a real shift in market sentiment
The moving averages are now fanning out in a bullish alignment and the seven day performance is up over sixteen percent which confirms that buyers are stepping in aggressively
The thirty day performance has also jumped to forty two percent which shows that this is not just a one day pump but a sustained recovery
The volume has increased significantly compared to the previous session and the bid side is holding fifty percent of the depth which means buyers are still in control at this moment
This does not mean the risk is gone because the yearly performance is still down heavily and the crypto market can reverse at any time
But for now the data clearly shows that $PHA has moved up with strong conviction and people are actively trading it again
The real question is whether this breakout can hold above the zero point zero three level or if it will fade back into the same quiet range we saw earlier
#PhalaNetwork #CryptoTrends2024 #tradinprofit #WriteToEarn
