FHE's current market trend is quite interesting. It surged directly from 0.04 to 0.167, then retraced to around 0.127. This rhythm is actually quite standard—it's a typical emotional recovery after a strong rally. But don't be scared by this retracement; the overall trend hasn't turned bad, it's just a short-term phase of consolidation and digestion.

From a financial perspective, the picture is even clearer. Large funds started quietly accumulating around 0.08-0.10. When the price broke through 0.13, the volume released was obviously from institutional players increasing their positions, not retail traders chasing the trend. The distribution of chips indicates that the main players haven't planned to run away yet, and the depth of the retracement should have a bottom.

But there are also some annoyances. In the range of 0.145 to 0.167, every time the price spikes high, it gets heavily suppressed. The trapped orders above and short-term profit-taking orders are wildly offsetting and cashing out. If the price continues to hover at high levels but trading volume starts to shrink, then the momentum is really starting to falter. The probability of maintaining short-term consolidation is high.

Technically, the price is drifting around the 25-day moving average. In the short term, there is still some strength, but the upward momentum is gradually diminishing, which is a warning sign. The key to the next phase of the market depends on two points: first, the 0.11-0.12 zone must hold; only then can we continue to look higher. Second, to truly open up space above, there needs to be increased volume in the 0.15-0.167 range. Otherwise, it might just continue to grind here.