Phala Network USD Price & Performance (PHAUSD)

Phala Network’s native token, PHA, is trading at approximately €0.097, reflecting a 0.29% market cap increase and a 37% jump in 24-hour trading volume. With over 786 million tokens circulating, the price remains significantly below its all-time high. The network continues to emphasize privacy and decentralized governance.123

Several cryptocurrencies, including ETH, SOL, and DOGS, are exhibiting bullish momentum as they approach key resistance levels. Technical indicators suggest imminent breakouts from descending channels, supported by rebounds at lower trend boundaries and potential RSI reversals. Traders are closely monitoring for confirmation of upward trends in the coming sessions.45

Phala Network recently hosted a community call highlighting its partnership with CrunchDAO. The platform, built for confidential data processing, leverages advanced encryption and decentralized governance. The native PHA token facilitates staking and voting, incentivizing user participation in project decisions and network security.26