The $PHA /USDT trading chart on Binance Square reflects a notable bullish push, with the price climbing to 0.1234 USDT—an 8.91% gain in the last 24 hours. Trading activity has been relatively strong, with the 24-hour high reaching 0.1260 USDT and the low dipping to 0.1115 USDT, indicating a decent range of price movement and suggesting active interest among traders. The 1-hour chart currently displayed provides a more granular look at recent price behavior, which is useful for intraday strategies. Short-term traders may be watching for momentum continuation, especially if the price remains above short-term moving averages and breaks through the recent high.
The presence of the MA(7), MA(25), and MA(99) on the chart adds context to potential support and resistance levels. These moving averages help identify trend direction and market sentiment across different timeframes. If the shorter-term moving averages remain above the longer-term ones, it typically signals ongoing upward momentum. With a 24-hour volume of 92.48M for PHA and 11.12M for USDT, the liquidity appears sufficient for most retail traders, further supporting active price movement. Investors and traders using Binance Square may find this setup appealing, especially if the broader market remains supportive of altcoin rallies.
