🔥 PHB (Phoenix Global) — Technical Snapshot
💵 Current Price: $0.52 📉
PHB is currently under bearish pressure 😔 after breaking below key short-term levels.
The market is showing weakness, but a bounce could appear if buyers defend major supports.
🛡️ Support Zones (Buyers’ Defense)
🟢 $0.48 – $0.50 → First strong support area; buyers may try to stop the drop here.
🟢 $0.43 – $0.45 → Deeper support zone — if this breaks, expect more downside.
⚔️ Resistance Zones (Sellers’ Wall)
🔴 $0.56 – $0.58 → First resistance; a breakout here could invite short-term momentum.
🔴 $0.62 – $0.65 → Next major resistance; strong sellers likely to appear here.
📊 Market Sentiment
Trend: 🔻 Bearish to Neutral
Momentum: 💤 Weak, waiting for volume confirmation.
RSI: 📉 Approaching oversold zone — possible short-term rebound.
🔮 Outlook
If PHB holds above $0.50, we might see a rebound toward $0.58 – $0.60 🚀
But if it slips below $0.48, the next target could be $0.43 ⚠️
💡 Summary
🟢 Above $0.50 → Recovery potential to $0.58
🔴 Below $0.48 → Risk of drop to $0.43
🎯 Key Level to Watch: $0.56 (confirmation of upside breakout)
