PHB/USDT Bounce from the support and ready for continue upward!

💎 PHB has recently undergone notable market dynamics, currently showing signs of bouncing from a support area.

💎 There is potential for PHB to resume its upward trajectory and test the resistance around the 3.16 area. A successful breakout above this resistance, probability could pave the way for PHB to revisit its previous all-time high zone.

💎 However, if PHB fails to bounce from the support and instead breaks below it, the next support level to watch is around the $1.7 to $1.5 area. This support zone coincides with PHB's previous all-time high, which could now act as a strong support.

💎 Upon reaching the support around $1.7, it's crucial for PHB to bounce if it intends to continue its bullish movement. A failure to do so, resulting in a breakdown below the support area, could indicate bearish momentum and lead to further downward movement for PHB's price.