After reaching an all-time high (ATH) of $1.377 on July 15th, PHEMEX:PTUSDT.P price declined along with the broader crypto market to a low of $0.942. However, PT rebounded by 32% during August, reaching $1.249. Currently, the price is trading between $1.10 and $1.20. This post will analyze Phemex Token (PT) key support and resistance levels and discuss...
In this post, we will break down PHEMEX:PTUSDT (PT)'s price performance since its launch, its gains, its resilience, its potential future price movement, and finally, trading suggestions. Overview of PT's Performance Launch and Initial Growth Launch Date: November 30th, 2023 Initial Price: $0.06 Since its launch, PT has demonstrated an extraordinary...
PT, the native token of the Phemex exchange (which I highly recommend for contract trading, by the way), has been on an impressive uptrend across higher timeframes since its listing on Spot six months ago and its recent entry on Futures just a couple of weeks back. Currently at its all-time high (ATH), I anticipate a correction on the 4H chart towards its support...
Pt has bounced off of its daily support upwards trendline. Higher lows are key here. Next we will see a push to 0.86, a retest of highs, and then a blue sky breakout! PT has also held value well during this BTC correction and I expect to see this pattern continue.
Fundamental Data Chain: Ethereum (Main), Optimism (Staking) Pre-Mining start: 6th July 2023 Token Launch: 30th November 2023 Total Supply: 1,000,000,000 PT Diluted Market Cap: $699,200,000 Use Case: Governance, Staking, Fee Reduction Current Staking Yield (1 Year): 41.41% Misc: Daily Buybacks, Earn PT for trading activity Technical Data ...