Market Overview for Phala Network/Tether (PHAUSDT) on 2026-01-17

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 17, 2026 4:49 pm ET1min read
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Aime RobotAime Summary

- Phala Network/Tether (PHAUSDT) broke above 0.0398 resistance with strong volume, closing at 0.0402 after a 5-minute bullish engulfing pattern.

- RSI showed moderate momentum without overbought conditions, while MACD remained positive with expanding histogram bars, confirming sustained bullish momentum.

- A 61.8% Fibonacci retracement at 0.0402 coincided with consolidation, and Bollinger Bands widened as prices pushed through 0.0405 within the upper band.

- Surging 1.5M volume during the 08:00-09:00 ET breakout validated the move, with 38.2% daily retracement suggesting potential for further upward momentum if buyers remain active.

Summary
• Phala Network/Tether (PHAUSDT) posted a bullish close above key resistance of 0.0398.
• Strong volume expansion confirmed the upward breakout after midday, especially between 08:00 and 09:00 ET.
• RSI suggests moderate momentum with no overbought conditions, indicating room for further gains.
• A bullish engulfing pattern emerged on the 5-minute chart near 07:30 ET, signaling potential continuation.
• Volatility increased as prices pushed through 0.0405, supported by rising turnover in late ET trading.

24-Hour Performance


Phala Network/Tether (PHAUSDT) opened at 0.0386 on 2026-01-16 12:00 ET and closed at 0.0402 at 12:00 ET on 2026-01-17, reaching a high of 0.0409 and a low of 0.0384. Total volume was 15,187,850, with a notional turnover of 617,026.604.

Structure and Patterns


The price action showed a clear bullish trend with multiple higher highs and higher lows from late morning into the afternoon.
A bullish engulfing pattern formed near 07:30 ET as prices moved from 0.0398 to 0.0405, suggesting a continuation of the uptrend. Support levels at 0.0398 and 0.0393 were confirmed as buy zones, while resistance at 0.0408 appeared to cap short-term gains.

Moving Averages and Momentum


On the 5-minute chart, the price remained above both 20 and 50-period moving averages for most of the session, reinforcing the bullish bias. RSI climbed steadily into neutral to moderately overbought territory by the close, but did not breach 70, suggesting that further gains are still possible. MACD remained positive with increasing histogram bars, indicating sustained bullish momentum.

Volatility and Bollinger Bands


Volatility expanded as prices pushed through key levels, with Bollinger Bands widening in the early afternoon. The move from 0.0398 to 0.0405 occurred within the upper band, suggesting strong conviction. A contraction was observed in the early morning before the breakout, which may have signaled an impending price move.

Volume and Turnover

Volume surged during the breakout between 08:00 and 09:00 ET, with a significant 5-minute candle showing 1.5 million volume and 61,702 turnover. This confirmed the strength of the move and indicated broad participation. Turnover and volume remained aligned with price, with no significant divergence observed.

Fibonacci Retracements


On the 5-minute chart, the move from 0.0398 to 0.0405 saw a pullback to the 61.8% retracement level at 0.0402, which coincided with a consolidation period. On the daily chart, the recent swing from 0.0384 to 0.0409 reached the 38.2% retracement level, suggesting further upward momentum could be expected if buyers remain active.

The market appears to be in a bullish phase, supported by strong volume and a favorable RSI profile. However, a break above 0.0408 could attract more aggressive buyers, while a retest of 0.0402 could provide a short-term consolidation level. Traders should remain cautious of a potential pullback and consider setting tighter stop-loss levels ahead of the next 24 hours.