Alright, let's break down this $PHB chart.
Looking at the 1-hour timeframe, we've had a pretty decent bounce here. Price action definitely shows buyers stepping in strong, pushing us up past that previous local high around $0.579. We're currently sitting at $0.609.
That wick up to $0.618 earlier today could be a key level to watch; it acted as a temporary ceiling. However, the current candle is looking strong, trying to break above it.
Volume looks decent on this push higher, which is encouraging.
The immediate resistance I'm eyeing is that $0.618 mark. If we can get a clear close above that on this timeframe, we could be looking at a move towards the $0.625 - $0.630 area, maybe even higher if momentum holds.
On the flip side, if we reject from here, I'd be looking for support around $0.590, and then potentially back down to the $0.570s. The overall trend in the last 24 hours seems to be upward, but always gotta be ready for a pullback.
Keep an eye on that $0.618 level, that's the immediate battleground.