$PHA Breakout Attempt Following a Prolonged Downtrend
On the 4-hour chart, after trading sideways in the 0.03–0.04 range for an extended period, the price rebounded to the 0.0525 level. The 0.055 area is a critical resistance level in the short term. If the price manages to sustain itself above this level, the recovery could gain momentum.
On the 4-hour chart, the price saw a strong rebound from the 0.055 region and formed a wick extending up to the 0.111 level. However, selling pressure emerged from the upper region, pulling the price back to the 0.077 range.