[FHE up 40.30%, 'Support Level' and 'Resistance Level' Analysis]

2026-01-16 07:59:24

📊 The current price is 0.09664 USDT, with a 24-hour increase of 40.30%. Trading volume is 330 million, and the open interest is nearly 200 million. The simultaneous rise in price and volume along with a significant increase in open interest suggests that new funds are actively buying, rather than just short covering.

🎯 The key support level is around 0.08500, which is the platform zone before the volume surge. Resistance levels above are at 0.11000 - 0.11500, close to previous highs and psychological integer marks. If the price retraces to the support level and trading volume diminishes, consider observing on the left side; a valid breakout and stabilization above 0.11500 could indicate a continuation of the upward trend. Short-term overbought conditions pose a significant risk for chasing the high.

FHE (Fully Homomorphic Encryption) belongs to the privacy computing sector, with the core moat being the ability to perform calculations directly on encrypted data without decrypting. It can be likened to an accountant who audits a ledger locked in a safe, without seeing the actual numbers, yet can verify the correctness of the results.

Its token FHE has a total supply of 10 billion, with approximately 1 billion in circulation (circulation rate of 10%). Future unlocking pressure is concentrated, so attention should be paid to the official release schedule. Currently, the token’s utility is mainly for network transaction fees and governance, with application scenarios still in early stages.

From first principles, there is a huge gap between the maturity of fully homomorphic encryption technology and its commercialization. The current market enthusiasm is more driven by short-term hype around the “privacy” narrative rather than scalable on-chain applications that can be verified. Low computational efficiency and high development barriers are practical obstacles to large-scale adoption. As a trading asset, its price volatility is mainly driven by liquidity, with weak fundamental support.

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