Phoenix is just coming out of a major downtrend. After the main low there was a higher low and rising buy volume. Whenever there is a down wave that ends in strong buying, we know the market is about to turn, we have proof here.
PHBUSDT produced a down move in February 2023. Prices moved lower and a major low happened in August 2023, trading volume started to rise. The rise in volume predicted a change of trend. Then prices also started to rise and we ended up with a bullish wave.
PHBUSDT produced a down move in March 2024, this was a long drawn out correction. The market was moving lower with lower highs, the main one showing up December 2024 and then a major crash. A major low showed up April 2025 and now we are seeing rising volume, the signal that predicted an advance last time. With rising volume and a higher low, we can expect prices to rise next.
And this is it. Phoenix is trading at bottom prices but is slowly starting to recover. Strong bullish action is the next logical step. The market will grow. Crypto will grow. The altcoins are bullish now.
Namaste.
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