PHALA Token Report
Phala Network is the Execution Layer for Web3 AI, bridging the gap between AI and blockchain technology. By empowering AI to interact with and comprehend blockchains, it paves the way for the first billion users to embrace Web3. With Phala Network, you can seamlessly create tamper-proof and unstoppable AI Agents that integrate deeply with on-chain smart contracts through AI-Agent Contracts.
PHA is ranked #236 with a market capitalization of nearly $300 million. The current market price of the token is 0.33 USDT
The PHA/USDT price has been consolidating since late May, 2024. On the weekly time-frame, the trend has broken out of the flat consolidation pattern with significant volumes. The RSI indicates an aggressive momentum in price. The next resistance is expected at 0.48 USDT and an immediate support is expected at 0.28 USDT.
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