FHE has been acting a bit strangely in this recent market rally. The price surged by 13%, and many are chasing, but have you noticed—trading volume actually shrank by 96%. Now that's interesting.
Raising the price without increasing volume—how to interpret this technically? Looking at the RSI across different timeframes, they are indeed showing strength, but the 1-hour MACD histogram is already close to the zero line and severely converging, which is a classic sign of momentum exhaustion. Even more telling, the 4-hour RSI is only at 55, nowhere near overbought territory, indicating that this rally didn't face significant selling pressure.
Here's the question: no one is selling—are retail investors really holding tightly, waiting to sell at higher levels? Or is there simply no buyer willing to take over? I lean towards the latter. When the market can move prices with extremely low trading volume, it’s usually not a sign of strength; rather, it suggests liquidity has become quite exhausted. Once a somewhat decent sell order appears, the price could easily plunge straight down.
**The current stance is to stay on the sidelines.** Neither bulls nor bears have the upper hand. If the price can break through 0.045 with increased volume and the 1-hour RSI stays above 70, consider a light long position; on the flip side, if it drops below 0.038 with significantly increased volume, bears might have a chance. But at this point? Holding USDT and waiting for opportunities feels more secure.
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850822JX
· 8h ago
Just my personal opinion! I think this coin is not worth playing, and I wouldn't even try spot trading!
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zkProofGremlin
· 10h ago
It's the same trick again—pumping the market without increasing volume. Hold USDT and wait, if there's no one to take the bait, it will fall apart as soon as you poke it.
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FarmToRiches
· 10h ago
With such low volume, pushing higher is pointless.
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GoldDiggerDuck
· 10h ago
Wait, with a 96% decrease in trading volume, it can still rally so aggressively? Isn't that going to crash?
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ser_ngmi
· 10h ago
Still daring to chase after a 96% drop in trading volume? Isn't this just the manipulator's trick to shake out investors?
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GasFeeCryBaby
· 10h ago
This rally is just hot air; a 96% drop in trading volume pretty much explains everything.
FHE has been acting a bit strangely in this recent market rally. The price surged by 13%, and many are chasing, but have you noticed—trading volume actually shrank by 96%. Now that's interesting.
Raising the price without increasing volume—how to interpret this technically? Looking at the RSI across different timeframes, they are indeed showing strength, but the 1-hour MACD histogram is already close to the zero line and severely converging, which is a classic sign of momentum exhaustion. Even more telling, the 4-hour RSI is only at 55, nowhere near overbought territory, indicating that this rally didn't face significant selling pressure.
Here's the question: no one is selling—are retail investors really holding tightly, waiting to sell at higher levels? Or is there simply no buyer willing to take over? I lean towards the latter. When the market can move prices with extremely low trading volume, it’s usually not a sign of strength; rather, it suggests liquidity has become quite exhausted. Once a somewhat decent sell order appears, the price could easily plunge straight down.
**The current stance is to stay on the sidelines.** Neither bulls nor bears have the upper hand. If the price can break through 0.045 with increased volume and the 1-hour RSI stays above 70, consider a light long position; on the flip side, if it drops below 0.038 with significantly increased volume, bears might have a chance. But at this point? Holding USDT and waiting for opportunities feels more secure.
Risks are always present; trade cautiously.