Phala Network ($PHA ) is trading at approximately $0.548, reflecting a 53.7% increase from the previous close.

$PHA has experienced significant growth recently, with a 70% surge in the last 24 hours, reaching an all-time high of $0.60.

Analysts suggest that if $PHA breaks above the $0.5950 resistance level again with volume confirmation, it could rally toward $0.6200 or higher.

However, the Relative Strength Index (RSI) value of 79.77 indicates overbought conditions, signaling that the current rally might face a pullback or consolidation in the near term.