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Summary
• PHAUSDT rallied to 0.0835, up 68% from 0.0496.
• Strong volume surges drove the sharp rebound after 22 hours of consolidation.
• Overbought RSI and wide Bollinger Bands signal high volatility.
The Phala Network/Tether (PHAUSDT) pair opened at 0.0496 on 2025-11-06 at 12:00 ET and surged to a high of 0.0835 before closing at 0.0628 on 2025-11-07 at 12:00 ET. The pair traded between 0.0493 and 0.0835 over the 24-hour period. Total volume reached 195,284,924.0 and total turnover was 9,914.79, reflecting intense trading activity.
On the 15-minute OHLCV chart, the price formed a bullish breakout pattern after a 22-hour consolidation phase. The price action shows a strong reversal from oversold levels, with a rapid ascent reaching overbought conditions. The formation of long upper shadows and large bullish candles from 03:00 to 09:30 ET indicates aggressive buying.
The 20-period and 50-period moving averages on the 15-minute chart show a steep upward divergence, with the 20-period MA significantly above the 50-period MA, suggesting strong short-term
. The 50-period MA has crossed above the 100-period and 200-period MAs on the daily chart, indicating a positive shift in longer-term sentiment.The MACD histogram displayed a large positive bar at the time of the breakout, confirming bullish momentum. The RSI surged into overbought territory above 70 during the peak of the rally, suggesting potential for a near-term correction. Bollinger Bands expanded widely during the rise, showing increased volatility. The price has moved beyond the upper band, indicating a high-risk scenario where a retest of the lower band could be expected.
Volume spiked sharply during the breakout, peaking at over 48 million in the 10:30 ET candle. Notional turnover also spiked in tandem, confirming price action. Divergence appears minimal; volume and price are aligned, reinforcing the likelihood of a continuation pattern.
Fibonacci retracement levels for the key 15-minute swing from 0.0493 to 0.0835 show 38.2% at 0.0648 and 61.8% at 0.0732. The current close at 0.0628 suggests a retest of the 38.2% level may be imminent. On the daily chart, the 61.8% retracement of the larger swing from 0.0491 to 0.0835 is at 0.0741, which could serve as a key resistance area in the coming days.

The backtest strategy initially aimed to retrieve 14-period RSI data for PHA/USDT but encountered a symbol not found error. This could be due to the backtesting engine's focus on equities/ETFs or the need for a different ticker format. To proceed, I would need confirmation of the correct exchange and symbol format or a manual data file.
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