$PHB : When the Phoenix Shot for the Moon… and Crashed Into the Sun.
What A Ride,
PHB just demonstrated what it means to be a true crypto rollercoaster: a nearly 60% drop in mere minutes! That’s not just volatility, that’s digital gravity in full force.
One moment, bullish momentum everywhere target predictions and breakout dreams, The next, it’s a red sea, with longs getting liquidated faster than you can say “HODL".
The Chart Doesn’t Lie!!
Look at this chart a textbook cliff dive. You could almost hear the collective gasp of the market as the price tumbled from above 1.04 to below 0.60 in a blink, leaving traders stunned and memes practically writing themselves. Bearish momentum had been building with signals of exhaustion, failed resistance tests, and the classic “double-top” horror show. When that support snapped, PHBUSDT didn’t bother to take the stairs it went straight down the elevator shaft.
Why Did This Happen?
The broader crypto market got jittery in October 2025. Global trade tensions, institutional sell-offs, and over-leveraged positions set the stage for one of the wildest liquidation cascades ever over $19 billion wiped out in hours.
PHB, like many altcoins, just couldn’t swim against the tsunami.Technicals showed a massive bearish divergence leading to that brutal dump. Even the cheerleaders switched sides when PHB failed to hold key support levels for more than a coffee break.
Remember: in crypto, leverage is a double-edged sword. Fifteen times leverage? Great for dreams of lambos until a 5% swing wipes you out.
Just Stop Trading in an Obvious Pump and Dump like this and Invest only In Bitcoin.
At this Rate Only Manipulators will Be left in this market.