PHA USDT Phala Technical Analysis

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By Frans van Elst

Phala logo In this Phala technical analysis, we will examine the current price action, trading volume, key levels and indicators for PHA-USDT. Phala (PHA) is a privacy-focused blockchain that utilizes zero-knowledge proofs and homomorphic encryption to protect user data. Its novel consensus algorithm, called “Proof of View” (PoV), incentivizes users to contribute computational power towards validating transactions while maintaining their anonymity. With Phala, users can enjoy the benefits of decentralized finance (DeFi) and privacy-preserving technologies without compromising on security or scalability.

Phala Price Overview:

As of April 01, 2024, Phala is trading at approximately 0.2677 USDT. Let’s dive into the detailed price action for PHA-USDT:

Clearly see potential bearish trend for Phala (PHAUSDT) at 2.68e-01 USDT through detailed technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.295
High (H) 0.3
Low (L) 0.265
Close (C) 0.2677
Volume (C) 11,264,427.00
  • Open (O): The opening price for today’s trading session was approximately 0.295 USDT.
  • High (H): Phala reached a daily high of around 0.3 USDT.
  • Low (L): The daily low for PHA-USDT was approximately 0.265 USDT.
  • Close (C): At the time of analysis, Phala is trading near its daily close of 0.2677 USDT.
Metric Value
1D Change (%) -9.13%
3D Change (%) 0.07%
7D Change (%) -16.81%
30D Change (%) 56.92%
90D Change (%) 119.43%
YTD Change (%) 131.98%

Over the past three days, PHAUSDT has increased by approximately 0.07%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -16.81%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PHAUSDT maintaining an upward trend of approximately 56.92%, despite intermittent fluctuations. Examining the last 90 days, PHAUSDT has witnessed substantial increase of approximately 119.43%, reflecting strong long-term confidence. Year-to-date, PHAUSDT has steadily appreciated by around 131.98%, 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-USDT 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 1.60038.
  • Momentum score is 0.33184.

PHA USDT Technical Analysis

Phala Trading Volume:

The trading volume for Phala (PHA) over the past 24 hours has been insignificant, with approximately 11,264,427.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Phala is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for PHA-USDT is currently in the high zone, around 57.70954. This suggests that Phala is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

Phala (PHA-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.

Clearly see potential bearish trend for Phala (PHAUSDT) at 2.68e-01 USDT through detailed technical analysis, highlighting weakened support and cautionary indicators.

Unlock additional insights on PHA BTC Phala Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

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.

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