Is $PHA really losing its trend, or is this just a flush below $0.07? 👀
PHA is at $0.0683, down 17.71% today, with $10.01M volume. The 4h move is even uglier at -16%.
But here’s the part bears are ignoring: price is still above the 20d and 50d moving averages. RSI(14) sits at 52, while volume is only 1.1x the 20d average. That doesn’t look like full capitulation yet.
Longs are paying 0.005% funding. Not free.
$BNB holding strength while PHA bleeds would make this weakness harder to trust. At $0.070, I’d be watching for rejection, not chasing a bounce. 🔥
Is this a reset or a trend break? What’s your target for $PHA?
#PHA #CryptoNews #Web3
PHA is at $0.0683, down 17.71% today, with $10.01M volume. The 4h move is even uglier at -16%.
But here’s the part bears are ignoring: price is still above the 20d and 50d moving averages. RSI(14) sits at 52, while volume is only 1.1x the 20d average. That doesn’t look like full capitulation yet.
Longs are paying 0.005% funding. Not free.
$BNB holding strength while PHA bleeds would make this weakness harder to trust. At $0.070, I’d be watching for rejection, not chasing a bounce. 🔥
Is this a reset or a trend break? What’s your target for $PHA?
#PHA #CryptoNews #Web3