Phala Breaks Through Resistance, Poised for a 701% Rally

Phala Network (PHA), a decentralized cloud computing protocol, is experiencing explosive growth. Recent price action has triggered a strong breakout above key resistance levels, indicating robust buying pressure and potential for a significant surge. The token is currently targeting $1.0201, with analysts predicting a 701% rally from its current price. This bullish momentum stems from several factors, including the expanding DeFi ecosystem, increased interest from institutional investors, and positive technical indicators.