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Summary
• PHA/USDT declined from $0.0416 to $0.0397 over 24 hours, forming bearish momentum.
• A key support emerged around $0.0401–$0.0403, holding during consolidation and rebound attempts.
• Volume surged during the breakdown below $0.041, validating bearish continuation.
• RSI and MACD confirmed oversold conditions late in the day, suggesting possible short-term bounce.
• Volatility increased as Bollinger Bands expanded, indicating heightened uncertainty and price swings.
Phala Network/Tether (PHAUSDT) opened at $0.0412 on 2025-12-13 at 12:00 ET, reached a high of $0.0416, and closed at $0.0397 on 2025-12-14 at 12:00 ET, with a low of $0.0395. Total volume over the 24-hour period was 5,799,644.0 tokens, and turnover amounted to approximately $233,472.
The 5-minute chart showed a bearish breakdown below key support at $0.041, confirmed by a bearish engulfing pattern at $0.0413–$0.0411. A strong support cluster formed between $0.0401 and $0.0403, where the price consolidated briefly before another pullback. A bearish flag pattern developed between $0.0405 and $0.0403, with volume increasing at the breakdown point.
Short-term moving averages on the 5-minute chart (20/50) crossed bearishly, reinforcing the downward trend. On the daily chart, the 50-period MA acted as dynamic resistance, with the price now below both the 100 and 200-period MAs, signaling bearish momentum.
The MACD crossed below zero with bearish divergence, confirming weakening bullish momentum. RSI hit oversold territory (below 30) late in the session, suggesting a possible short-term bounce. However, RSI failed to close above 40, indicating limited follow-through buying interest.
Bollinger Bands expanded as volatility increased, with price repeatedly testing the lower band between $0.0397 and $0.0402.

Volume surged at critical breakdown points, particularly during the move below $0.041, confirming bearish conviction. Turnover increased in the afternoon and evening hours as price moved toward the 24-hour low. Price and turnover remained aligned through the session, without any clear divergence.
A 61.8% Fibonacci retracement level at $0.0403 appeared to provide temporary support before the price broke below it. On the daily chart, the current price sits near the 78.6% retracement level of the recent bullish swing, suggesting potential for either a bounce or further bearish extension.
The price appears to be in a short-term bearish phase, supported by strong volume at breakdown levels and bearish momentum indicators. A potential bounce may be in play as RSI approaches oversold territory, but further confirmation above $0.0405 would be needed. Investors should remain cautious over the next 24 hours as volatility may persist, with key support at $0.0401 and resistance at $0.0405.
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