$PHA is currently trading around $0.0305, showing a 14% decline over the past 24 hours. The chart reflects a steady downward trend, with sellers maintaining control throughout the session. Earlier in the day, $PHA attempted to stabilize near $0.0322, but the lack of strong buying pressure caused the price to gradually move lower.
The sell-off accelerated after the price broke below the $0.0315 support zone, triggering additional selling momentum. As a result, the market dropped to a local low around $0.03029, which is currently acting as short-term support. After touching this level, the price showed a small bounce, suggesting that buyers are trying to slow down the decline.
Trading activity remains relatively active with over 570M PHA traded in the last 24 hours, indicating that the asset still has strong liquidity despite the drop. However, the overall structure still favors the bears unless a clear reversal occurs.
If $PHA manages to recover above $0.0315, the next resistance could appear near $0.0325. On the downside, losing the $0.0302 support may open the door toward the $0.0295–$0.0290 region.
For now, PHA remains under pressure, and traders will be watching closely to see whether support holds or if the downtrend continues.
