Market Update on $PHA /USDT
Phala Network (PHA), a decentralized cloud platform powering privacy-preserving computation for Web3 and AI, is trading at 0.1177 USDT (~Rs33.3), reflecting solid momentum as an Infrastructure Gainer. Over the past 24 hours, PHA has traded within a range of 0.1034 – 0.1204 USDT, showing healthy volatility and strong intraday activity. With a trading volume of 104.42M PHA, liquidity remains robust, signaling strong market participation and interest in Phala’s role as a Web3 infrastructure project.
From a technical perspective, PHA is consolidating just below its 0.120 resistance zone, with buyers steadily building strength after defending the 0.103 support area. A clean breakout above 0.120 could trigger an upward move toward 0.125 – 0.130 USDT, while immediate support remains at 0.112 – 0.110 USDT. For traders, the current setup favors a buy-on-dips strategy above 0.112 with tight stop-losses near 0.108, while breakout traders can look for opportunities above 0.121 to capture short-term momentum. With its growing role in AI + Web3 infrastructure and strong liquidity, PHA remains well-positioned for short-term swing trades and momentum-driven plays.