Market Overview for Phala Network/Tether (PHAUSDT)

Generated by AI AgentTradeCipherReviewed byShunan Liu
Saturday, Nov 8, 2025 2:16 pm ET1min read
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- PHAUSDT surged from $0.0617 to $0.0717, forming a Morning Star reversal pattern amid bullish MACD divergence and EMA crossover.

- Key resistance at $0.0650–$0.0660 broke with 70.7M volume spike, validated by RSI overbought pullback and Bollinger Band expansion.

- Fibonacci 61.8% ($0.0654) and 78.6% ($0.0679) levels tested during consolidation, supporting potential trend continuation.

- Backtest hypothesis proposes 3-day strategy from Morning Star confirmation, leveraging volume/RSI signals for entry/exit triggers.

Summary
• PHAUSDT opened at $0.0617 and closed at $0.0623 with a high of $0.0717 and low of $0.0593.
• Momentum was strong early before consolidating, showing a bullish MACD divergence.
• Volatility expanded with Bollinger Band widening, and volume spiked during the break of key resistance.
• The RSI reached overbought territory briefly before retracing, suggesting short-term exhaustion.
• A Morning Star pattern formed mid-day, potentially signaling a reversal in the downtrend.

Phala Network/Tether (PHAUSDT) opened at $0.0617 at 12:00 ET–1 and closed at $0.0623 at 12:00 ET, reaching a high of $0.0717 and a low of $0.0593 during the 24-hour period. Total volume amounted to 70.7 million, with notional turnover reaching approximately $4.4 million.

The 15-minute chart reveals a complex price structure with clear support levels at $0.0593–$0.0617 and key resistance in the $0.0640–$0.0660 range. A bullish engulfing pattern appeared at $0.0659 during the early morning hours, followed by a Morning Star formation at $0.0654–$0.0643, suggesting potential trend reversal.

The 20-period EMA crossed above the 50-period EMA in the early morning, confirming a short-term bullish bias. MACD diverged positively, with the line crossing above the signal line around $0.0660. The RSI briefly entered overbought territory, peaking at 75 before pulling back, indicating possible short-term profit-taking. Bollinger Bands expanded, reflecting increased volatility during the breakout from $0.0650–$0.0660.

Fibonacci retracement levels on the 15-minute swing from $0.0593 to $0.0717 highlighted 61.8% at $0.0654 and 78.6% at $0.0679, both of which were tested during the morning session. Volume and turnover aligned during the break of $0.0650–$0.0660, validating the strength of the move.

Backtest Hypothesis
The Morning Star pattern observed on PHAUSDT at $0.0654–$0.0643 could serve as a candidate for a backtesting strategy. A 3-day holding period from the confirmation of the pattern would test its predictive power. By measuring the returns over the next 72 hours, we could evaluate its efficacy in trending and range-bound conditions. This approach leverages volume confirmation and RSI divergence to refine entry and exit triggers.