PHB Technical Analysis

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Now, let’s dive into this chart analysis:

PHB/USDT is currently trading within a descending triangle pattern, with the price approaching a critical support zone. The support zone between $1.380 to $1.550 has provided strong buying pressure, preventing further declines.

A bounce from this support area could indicate a potential reversal.

- Support/Entry: $1.380 to $1.550.
- Primary Resistance: 50 EMA at $1.867.
- Invalidation point: A breakdown and close below the support level.

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