Phala Network pricePHA

🔝 Top 15 Layer 2 coins trading below $100 million FDV. #PHA #XTER #GOATED

zkVerify (VFY) has recently launched and is exhibiting significant market volatility. While there's strong trading activity, a clear upward momentum has not yet been established. Current price and volume Live Price: The live price of zkVerify (VFY) is $0.119860 as of October 1, 2025. 24-Hour Trading Volume: The 24-hour trading volume is $111,828,633, reflecting active trading. 24-Hour Price Change: VFY is currently down 34.74% in the last 24 hours. Market Cap: The live market cap is $39,696,827. Circulating Supply: The circulating supply is 331,194,146 VFY. Market Rank: VFY is ranked #648 on CoinMarketCap. Momentum indicators Price Trend: VFY's price action shows a significant downward trend following its launch on September 30, 2025. It briefly hit a high of $0.20 but mostly traded below its listing price of $0.17. Moving Averages: Based on analysis of a similar AI-linked token (PHA), trading below the 7-day and 30-day Simple Moving Averages (SMAs) suggests limited upside perceived by traders, with Fibonacci retracement levels potentially acting as resistance. While specific VFY SMA data isn't provided, its sharp decline indicates it is likely trading below short-term moving averages. Volume Analysis: Despite high trading volume, the significant price drop suggests that selling pressure is currently dominating buying pressure. Declining volume during a downturn can indicate weakening buyer conviction. Relative Strength Index (RSI): For a comparable AI-linked token, the RSI hovering near oversold territory but lacking reversal signals suggests that while the asset is discounted, a significant price rebound is not yet indicated. Influencing factors Launch Dynamics: The mainnet launch and token generation event (TGE) on September 30, 2025, involved a large initial circulating supply of 331.2 million tokens (out of 1 billion total). This, combined with airdrops and exchange listings, likely created significant selling pressure from early investors and airdrop recipients looking to take profits. Market Sentiment: Initial excitement surrounding the launch appears to have been countered by "sell the news" behavior and possibly a lack of immediate retail investor excitement, according to some analyses. Social sentiment analysis from September 26, 2025, showed a relatively balanced sentiment between bullish and bearish posts, indicating a cautious market tone pre-launch. Underlying Technology: zkVerify offers a Layer 1 blockchain for fast and cost-effective zero-knowledge proof verification, a growing sector projected to reach $1.5 billion by 2030. Its core utility for scaling and privacy in Web3 and AI applications could be a long-term momentum driver. However, this long-term potential is currently overshadowed by launch volatility. $VFY

Aggregated Structure of 5 $PHA orderbooks just changed. There is now 30.58% more bids than asks within a 10% depth. Bids sum: $640,278.17 - Asks sum: $490,316.01 ️⚖️ 🟢️

Orderflow + Liquidity confluence — $PHA bulls ready to strike Entry: 0.1050 (Orderflow) Stop Loss: 0.0996 Targets: 0.1138 / 0.1214 (External Liquidity) Why this setup? ✅ Market Structure Shift (MSS) confirmed bullish intent ✅ Orderflow zone at 0.1050 acting as a strong demand base ✅ Liquidity resting above equal highs at 0.1138 likely to get targeted ✅ External liquidity at 0.1214 provides extended upside potential Bias: Bullish Strategy: Enter from Orderflow demand → Long → Target liquidity pools above