I am surprised that the trading over the past 24 hours is valued at 37 million dollars

As at the moment, what’s going on with $PHY has been a bit brutal. As at the time of writing, PHY is trading well below its previous close of 0.037452.

It’s been bleeding out all day and now it’s hanging around the 0.025 to 0.026 range. That’s a pretty steep drop, almost 30% down which definitely isn’t a small move.

From the price action alone, we’ve been stuck in a steady downtrend. We saw some minor attempts to bounce earlier in the day, but they didn’t hold.

Every time it tried to push up, sellers stepped in hard. It’s been printing lower highs and lower lows since early morning, which is textbook bearish momentum.

Now, let’s talk about support and resistance levels. There was some support trying to form around 0.028 earlier, but that’s been taken out. The only thing holding this thing up right now is that psychological 0.025 level. If that breaks down with strong volume, we could be headed toward 0.022 next, that’s the next major level I’m watching.

On the flip side, if we somehow get a bounce, then 0.028 is the first resistance zone, and above that, the 0.030 to 0.032 range becomes the real test. That’s where some earlier consolidation happened, so price might stall there if it gets that far.

As for the technical outlook, I’m not seeing any clear bullish reversal signs yet. No real divergence, no strong candle setups it’s just selling pressure across the board.

$PHY right now is a bit deep in oversold territory, which might give us a short-term bounce, but nothing suggests a confirmed reversal yet.

Honestly, if you're holding, this might be a “wait and see” moment. And if you’re thinking of jumping in, I’d be patient. Let it build some kind of base or reclaim key levels before making any moves.

Right now, it’s more about preservation than chasing quick rebounds. Let’s see if this dip is bait or if it’s just the beginning of a deeper move. Stay sharp out there. 📉👀
$PHY
{alpha}(560xd029b392580d555f35cca1987f27d248cf883716)

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