#PHB LTF Analysis:

$PHB is trading within a descending channel and has now reached the lower boundary of this structure, a zone that has historically acted as short-term support. $PHB's price reaction at this level suggests selling pressure is slowing, increasing the probability of a technical bounce from the channel base.

PHB
PHBUSDT
0.2809
-2.66%

As long as $PHB holds this support, a relief move toward the mid or upper channel resistance is possible. A clear rejection with increasing volume would favor a short-term bullish bounce, while a decisive breakdown below the channel would invalidate this setup and signal further downside risk.