What makes this $PHA move interesting is that the pullback after the sharp rise didn’t continue unabated; instead, the price then staged a sustained recovery. For anyone trying to judge whether the rally has run its course, this is more useful than looking at the top gainers alone.
As of 14:00 Beijing time on October 20, the completed hourly candles showed that the price had fallen back to $0.0597, paused briefly, then closed higher for four consecutive hours, ending at $0.0642. It has now gone through three stages: a surge, a pullback, and a renewed climb.
My assessment is cautiously positive: after the pullback, buyers pushed the price higher again, giving the rally a second leg. For those researching PHA, the more valuable fact right now is this recovery—not treating the day’s overall gain as if it came in one uninterrupted move.
As of 14:00 Beijing time on October 20, the completed hourly candles showed that the price had fallen back to $0.0597, paused briefly, then closed higher for four consecutive hours, ending at $0.0642. It has now gone through three stages: a surge, a pullback, and a renewed climb.
My assessment is cautiously positive: after the pullback, buyers pushed the price higher again, giving the rally a second leg. For those researching PHA, the more valuable fact right now is this recovery—not treating the day’s overall gain as if it came in one uninterrupted move.