Phala Network's native token, PHA, is approaching a potential breakout after an 11% gain over the past week. The token is testing a key resistance level at $0.1258, within a symmetrical triangle pattern that has been forming since early 2025. Currently priced at $0.1195, PHA's ability to maintain support above $0.11 is crucial for sustaining its upward momentum.
The recent uptrend has brought attention to the $0.1258 resistance, with technical indicators suggesting a possible move toward the $0.15 region if this level is convincingly breached. PHA has outperformed major cryptocurrencies like Bitcoin and Ethereum over the past week, indicating its potential for a significant rally if current levels hold.
Phala Network's PHA Token Nears Breakout After 11% Weekly Surge
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