In this Phala technical analysis, we will examine the current price action, trading volume, key levels and indicators for PHA-BTC. Phala (PHA) is a privacy-focused blockchain platform that utilizes zero-knowledge proofs and homomorphic encryption to protect user data. With its novel consensus algorithm, Phala aims to provide high scalability and security for decentralized applications. Additionally, the platform’s modular architecture allows for interoperability with other blockchains, enabling seamless interactions between different ecosystems.
Phala Price Overview:
As of July 02, 2024, Phala is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for PHA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 681,302.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Phala reached a daily high of around 0.0 BTC.
- Low (L): The daily low for PHA-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Phala is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 8.26% |
| 3D Change (%) | 10.67% |
| 7D Change (%) | 23.88% |
| 30D Change (%) | -8.12% |
| 90D Change (%) | -31.22% |
| YTD Change (%) | -8.79% |
Over the past three days, PHABTC has risen by approximately 10.67%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 23.88%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PHABTC maintaining a downward trend of approximately -8.12%, despite intermittent fluctuations. Examining the last 90 days, PHABTC has witnessed substantial decrease of approximately -31.22%, reflecting strong long-term confidence. Year-to-date, PHABTC has steadily decreased by around -8.79%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Phala Live Chart:
You can access a live price chart for PHA-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.76688.
- Momentum score is -0.0119.
PHA BTC Technical Analysis
Phala Trading Volume:
The trading volume for Phala (PHA) over the past 24 hours has been insignificant, with approximately 681,302.00 BTC traded against PHA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): PHA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Phala is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PHA-BTC is currently in the neutral zone, around 48.79227. This suggests that Phala is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Phala (PHA-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Embrace a bullish sentiment for Phala (PHABTC) at 2.49e-06 BTC with technical analysis highlighting strong support and positive indicators.
Don’t skip our thorough exploration of PHA USDT Phala Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.