Phala Network ($PHA ) is trading at approximately $0.4138, reflecting a 16.09% decline from the previous close.

In the short term, $PHA is exhibiting a neutral-to-bearish trend. Immediate support levels are identified at $0.405 and $0.380, while resistance levels are observed at $0.450 and $0.480. A breakout above the $0.450 resistance could pave the way for $PHA to test the $0.480 mark. Conversely, a decline below the $0.405 support may lead to a retest of the $0.380 support zone.