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Cryptocurrency News Articles

PHB/USDT: Prediction Spot On! Massive Pump as Expected!

Oct 12, 2024 at 03:04 pm

In our recent analysis of PHB/USDT, we identified a potential breakout scenario, predicting a significant upward move. Let’s recap:

PHB/USDT: Prediction Spot On! Massive Pump as Expected!

PHB/USDT surged massively, breaking out exactly as predicted in our recent analysis! 🚀

After testing a crucial resistance zone, PHB/USDT finally broke out with strength, surging over +16% to reach highs of $2.13! This confirms the breakout scenario we had identified earlier.

Now, let’s take a closer look at the price action after the breakout:

- After breaking through the descending trendline, PHB/USDT faced immediate resistance at $2.13, which aligns with our predicted resistance zone of $2.13 - $3.00.

- This resistance level, once breached, could lead to further gains towards $3.00 and potentially higher.

- On the downside, support is now expected in the range of $1.00 - $1.35, which was previously identified as a support zone.

This breakout and price action were precisely predicted in our previous analysis, highlighting the importance of technical analysis and identifying key price zones in spotting major market moves.

Keep an eye on PHB as it continues its climb, and stay tuned for more updates! 🚀

#CryptoPredictions #PHBUSDT #Breakout #CryptoTrading #TechnicalAnalysis

News source:www.binance.com

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