🚀
$PHA Signal: AI Compute Narrative Waking Up? Key Levels to Watch! 🤖
$PHA (Phala Network) is showing signs of life after its migration to Ethereum L2. With the AI Agents sector heating up, PHA's TEE (Trusted Execution Environment) tech is catching a bid. Here is the setup:
📊 Technical Outlook (1D/4H)
Trend: Short-term Bullish 🟢 | Long-term Neutral ⚪
Key Action: Price recently reclaimed the 50-day MA. We are seeing a "Bullish Divergence" on the RSI, suggesting sellers are exhausted.
Critical Support: The $0.038 - $0.040 zone is holding firm (61.8% Fib retracement).
🎯 Trade Setup
Entry Zone: $0.0390 - $0.0415 (Look for a retest of support).
Target 1 (TP1): $0.0475 (Recent local high).
Target 2 (TP2): $0.0550 (Psychological resistance).
Target 3 (TP3): $0.0680 (Extended breakout).
Stop Loss (SL): $0.0365 (Close below invalidates the recovery).
💡 Fundamental Catalyst:
The migration from Polkadot to Ethereum L2 is complete. Liquidity is improving, and the "DePIN + AI" narrative is the strongest rotation in the market right now.
⚠️ Risk: High Beta. If $BTC drops,
$PHA will likely retest $0.035.
#PHA #PhalaNetwork #AI #cryptosignals #BinanceSquare