In this Phoenix technical analysis, we will examine the current price action, trading volume, key levels and indicators for PHB-BTC. Phoenix (PHB) is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm to secure its network. It features fast and private transactions, making it an attractive option for users seeking a secure and efficient digital asset. With its innovative technology and strong community support, Phoenix (PHB) is poised to be a major player in the cryptocurrency market.
Phoenix Price Overview:
As of May 18, 2024, Phoenix is trading at approximately 4e-05 BTC. Let’s dive into the detailed price action for PHB-BTC:
| Metric | Value |
|---|---|
| Open (O) | 4e-05 |
| High (H) | 4e-05 |
| Low (L) | 4e-05 |
| Close (C) | 4e-05 |
| Volume (C) | 25,366.30 |
- Open (O): The opening price for today’s trading session was approximately 4e-05 BTC.
- High (H): Phoenix reached a daily high of around 4e-05 BTC.
- Low (L): The daily low for PHB-BTC was approximately 4e-05 BTC.
- Close (C): At the time of analysis, Phoenix is trading near its daily close of 4e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.67% |
| 3D Change (%) | -4.65% |
| 7D Change (%) | 0.28% |
| 30D Change (%) | 37.61% |
| 90D Change (%) | 49.37% |
| YTD Change (%) | 64.15% |
Over the past three days, PHBBTC has decreased by approximately -4.65%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.28%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PHBBTC maintaining an upward trend of approximately 37.61%, despite intermittent fluctuations. Examining the last 90 days, PHBBTC has witnessed substantial rise of approximately 49.37%, reflecting strong long-term confidence. Year-to-date, PHBBTC has steadily increased by around 64.15%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Phoenix Live Chart:
You can access a live price chart for PHB-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 0.94917.
- Momentum score is 0.45215.
PHB BTC Technical Analysis
Phoenix Trading Volume:
The trading volume for Phoenix (PHB) over the past 24 hours has been insignificant, with approximately 25,366.30 BTC traded against PHB. 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): PHB is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Phoenix is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PHB-BTC is currently in the high zone, around 56.79959. This suggests that Phoenix is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Phoenix (PHB-BTC) is currently exhibiting signs of short-term bullish 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 high RSI and insignificant trading volume are high signals for potential upward movement.
Embrace a bullish sentiment for Phoenix (PHBBTC) at 3.91e-05 BTC as technical analysis emphasizes strong support and positive indicators for potential growth.
Don’t overlook our detailed insights on PHB USDT Phoenix Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
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.