REVISION! Sorry! I was looking at the pic someone was kind enough to put up of one of his Phals which does have a terminal spike. Indeed, as everyone has concluded, the OP's plant is producing a spike normally not from the crown!
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Sorry to say this, but I believe that plant does have a terminal spike....and whatever is emerging from the base of THAT, I do not know.
In monopodial orchids, leaves emerge cleanly from the crown, one after another. That is not what I see in yr pic; I see a leaf having formed on an inflorescence emerging from the crown.
Last edited by JMNYC; 06-23-2014 at 03:31 PM..
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