#PHB/USDT

#PHB

The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.

We have a trend to stabilize above the 100 moving average once again.

We have a downtrend on the RSI indicator that supports the upward move with a breakout.

We have a support area at the lower boundary of the channel at 0.652, which acts as strong support from which the price can rebound.

Entry price: 0.666
First target: 0.692
Second target: 0.712
Third target: 0.740