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Summary
• Phala Network/Tether traded in a bullish trend with 61.8% Fibonacci retest near $0.0356.
• Volume surged during late morning ET, confirming a breakout above $0.0360.
• RSI crossed into overbought territory, suggesting potential near-term pullback.
• Bollinger Bands expanded in late trading, reflecting increased short-term volatility.
• No major bearish candlestick patterns emerged during the session.
At 12:00 ET on 2025-12-27, Phala Network/Tether (PHAUSDT) opened at $0.0354, reached a high of $0.0380, touched a low of $0.0350, and closed at $0.0380. The total volume over the past 24 hours was 16.8 million PHA, with notional turnover of $629,524.
Price action began with a bearish drift before reversing into a steady uptrend driven by buying momentum around $0.0360. The move above this level was confirmed by a sharp increase in volume and turnover during the early morning ET session.
Structure & Formations
The price tested the 61.8% Fibonacci retracement level at $0.0356, followed by a strong bullish continuation above $0.0360. No bearish reversal patterns emerged during the session, with a few bullish engulfing candles appearing in the late ET timeframe.

Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages are both trending higher, with price remaining above both. This suggests short-term bullish momentum is intact.
MACD & RSI
The 12/26 MACD remained positive and trending higher, confirming the bullish bias. RSI climbed into overbought territory above 70, suggesting possible near-term profit-taking.
Bollinger Bands
Bollinger Bands expanded in the late afternoon ET period, reflecting heightened volatility. Price remained near the upper band during key buying sessions, indicating strong conviction in the upward move.
Volume & Turnover
Volume surged above $0.0360, with the largest spikes occurring during the 10:30–12:00 ET timeframe. Turnover closely aligned with volume, indicating strong participation and no notable divergence.
Given the strong volume-driven breakout and overbought RSI, a consolidation or slight correction in the next 24 hours appears likely. Investors should monitor for a pullback to the $0.0365–0.0370 range for possible reentry or continuation.
Risk Consideration
A break below $0.0360 could trigger short-term bearish pressure, though current momentum and volume suggest a bullish bias remains intact for the near term.
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