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PHA token drops 11% in 30 minutes despite a 7.7% gain over 24 hours on mixed market sentiment.

Market News
22 Oct 2026
Tokenpost
View Source
Bearish
PHA token drops 11% in 30 minutes despite a 7.7% gain over 24 hours on mixed market sentiment.

PHA (Phala) token experienced a sharp 11.01% drop within 30 minutes on October 22, falling from about $0.069 to $0.0614. Despite this short-term decline, its overall 24-hour performance remained positive with a 7.72% gain. This price movement occurred amid mixed market conditions where Bitcoin and Ether declined, and the Fear & Greed Index indicated increased investor fear. The volatility highlights ongoing uncertainty in the digital asset market.

As of Oct 23, 2026 01:03 WIB, PHA (Phala Network) trades at Rp1,125 on Pluang, showing a 1-day gain of 2.48%. Despite the recent sharp drop noted in the article, Pluang data indicates a majority of buy orders at 71% and a typical holding period of 30 days. The token's market cap stands at Rp974.9 million, highlighting steady investor interest.

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