PHA surged strongly following its listing on Bithumb's Korean won market, with intraday gains reaching 30%. On-chain data shows significant accumulation of PHA, with exchange outflows of 45 million PHA far exceeding inflows of 21.62 million. Whale trading activity has picked up, with large transactions exceeding $100,000 surging, and the 30-day MVRV ratio climbing sharply, bringing retail investor positions close to the breakeven point. PHA price has rebounded 110% from its monthly low near $0.021 and is now facing a critical test at the $0.053 resistance level, which coincides with the 200-day moving average.

PHA-1,26%
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