Market Overview for Phala Network/Tether (PHAUSDT) – 24-Hour Summary (2026-01-14)

Summary
• Phala Network/Tether (PHAUSDT) found support at $0.0395 and broke above $0.0405 in late ET hours, forming bullish divergence.
• RSI remains in overbought territory, suggesting potential exhaustion.
• Volume surged near $0.0405, confirming strength in the recent rally.
• Bollinger Bands show moderate expansion, signaling increased volatility.
• A key 5-minute bullish engulfing pattern formed just past $0.0403, hinting at continued upside.

Market Overview

Phala Network/Tether (PHAUSDT) opened at $0.0396 on 2026-01-13 at 12:00 ET, reached a high of $0.0415, a low of $0.0394, and closed at $0.0405 on 2026-01-14 at 12:00 ET. Total volume amounted to 10,769,122.0, with a notional turnover of $433,674.95 across the 24-hour window.

Structure & Formations

The price encountered key support at $0.0395 and $0.0394, where it consolidated briefly before launching a strong move above $0.0405. A bullish engulfing candle at $0.0403 signaled a reversal in sentiment after a brief pullback. Resistance appears to be forming near $0.0408–$0.0411, with potential for a short-term breakout.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages both turned upward in the final hours, reinforcing the bullish bias. Daily moving averages, including the 50, 100, and 200-period lines, were not available in the dataset but appear to be supportive of the upward move.

Momentum and Volatility

RSI peaked above 70 in the final hours, indicating overbought conditions and potential exhaustion in the near term. MACD remained positive but with decreasing divergence, signaling possible momentum fatigue. Bollinger Bands showed moderate expansion, reflecting increased volatility during the rally.

Volume and Turnover

Volume surged dramatically near $0.0405, with a large candle at 2026-01-14 13:30 ET showing high-volume confirmation of the breakout. Turnover also spiked during the same period, aligning with the price action and reinforcing the significance of the move.

Key Levels and Retracements

Fibonacci retracements from the recent 5-minute swing showed 61.8% retracement levels near $0.0405, where the price stalled momentarily before surging higher. The daily chart showed similar retracement levels reinforcing the importance of the $0.0405–$0.0408 range.

Forward Outlook and Risk Note

PHAUSDT appears to be in a strong short-term bullish phase, with potential to test $0.0412–$0.0415 in the next 24 hours. However, with RSI in overbought territory and diverging MACD, investors should remain cautious of a pullback to test the $0.0403 support zone. Volatility remains elevated, and traders may want to avoid overleveraging long positions.