PHB/USDT Retest is valid, ready for continue upward movement!

💎 Paradisers, #PHB is indeed a coin worth monitoring closely. It has successfully broken through the resistance area, transitioning it into a support zone.

💎 Moreover, PHB has also managed to break free from the confines of a descending channel pattern. These developments suggest a bullish momentum with a trend reversal from bearish to bullish.

💎 Given this scenario, the potential for PHB is further upward movement, with the next target being the resistance around the $3.15 area. Breaking through this level is crucial for PHB to reach our target strong resistance area at the all-time high (ATH).

💎 However, if PHB fails to sustain its upward trajectory and instead consolidates around the support area, it could signify weakness in the support. In such a scenario, there's a risk of the support breaking down, leading PHB back into a downward movement towards the demand area around $1.49.

💎 It's worth noting that historically, this demand area has demonstrated resilience for PHB, with previous instances resulting in significant bounces. However, if PHB fails to bounce from the demand area and instead breaks below it, the bullish thesis would be invalidated. This would signal further downward movement, potentially pushing PHB into a deeper decline.

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