PHA Bounce from Historical Support ZonePHA is showing signs of a potential bullish reversal after bouncing off a long-standing support zone. Price has consistently respected this support level since mid-2022, creating a strong base. Now, we’re seeing bullish momentum building as the weekly candle breaks above the 50-week EMA, which had acted as dynamic resistance in the past.
A break above the recent swing high could trigger a larger move toward the $0.25–$0.35 resistance area. As long as the support zone remains intact, the structure remains bullish.
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Hexa
