Phala Network/Tether (PHAUSDT) Market Overview

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Sunday, Nov 9, 2025 2:24 pm ET1min read
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- Phala Network/Tether (PHAUSDT) surged 6.5% to $0.0648 amid Bollinger Band contraction and breakout patterns.

- Volume spiked over

3M
contracts after 10:00 ET, with RSI hitting overbought levels and bearish engulfing patterns emerging.

- MACD divergence between 21:00–23:00 ET and data source errors complicate backtesting of potential reversal signals.

- Key support at $0.0624–0.0628 identified, with 50-period MA serving as dynamic support amid consolidation.


• Price surged from $0.0613 to $0.0648 over 24 hours, with a 6.5% gain
• Volatility expanded, with high-low ranges widening after 20:00 ET
• Bollinger Band contraction observed before 17:00 ET, followed by breakout
• Volume spiked sharply after 10:00 ET, exceeding 3 million contracts
• MACD divergence noted during consolidation between 21:00–23:00 ET

Phala Network/Tether (PHAUSDT) opened at $0.0613 on 2025-11-08 at 12:00 ET and closed at $0.0648 as of 12:00 ET on 2025-11-09. The pair touched a high of $0.0650 and a low of $0.0568 during the 24-hour window. Total volume reached 11.6 million contracts, with a notional turnover of $718,000 (estimating using PHAUSDT mid-price).

The 15-minute OHLCV data shows a clear breakout from a consolidation pattern after 10:00 ET. Price action suggests strong bullish

momentum
, with the 20-period and 50-period moving averages aligning in a positive direction. A key resistance level appears to form near $0.0650, which was briefly tested and held. A bearish engulfing pattern emerged after 16:30 ET, signaling a potential short-term pullback.

Bollinger Bands reflected a period of contraction between 17:00–19:00 ET, followed by a sharp expansion that coincided with the breakout. RSI climbed into overbought territory above 70 after 14:00 ET, indicating the need for a potential correction. Fibonacci retracement levels suggest $0.0624–0.0628 may offer near-term support, aligning with the 38.2% retracement of the previous bearish swing.

Volume and notional turnover spiked between 10:00–12:00 ET, confirming the breakout. However, a divergence appeared between price and volume between 21:00–23:00 ET, which may indicate weakening momentum. Investors should monitor the 50-period moving average as a key dynamic support line.

Backtest Hypothesis

The MACD divergence observed between 21:00–23:00 ET could signal a potential short-term reversal point. A backtesting strategy based on MACD Golden Cross and divergence detection could provide insights into the pair’s trend reliability and reversal signals. However, due to a current data issue—specifically, an internal error with the data source’s “get_asset_base_info” function—we are unable to retrieve the MACD series for PHAUSDT at this time.

Possible reasons include an incorrect ticker format or a temporary service interruption. To proceed, we recommend confirming the correct ticker format (e.g., “PHA/USDT.BINANCE” if listed on Binance) or switching to an alternative data provider. Once resolved, we can run a full backtest (2022-01-01 to 2025-11-09) on PHA/USDT closing prices to assess the profitability and statistical significance of the strategy.