$FHE Recent Market Analysis
Recently, the price of the coin has fluctuated quite a bit, with volatility significantly higher.
Ticker is $FHE
Recently, after experiencing a rapid rise, there was a significant decline, a trend that is not uncommon in targets with strong narratives and relatively limited liquidity. The pullback after a rapid rise is essentially digesting the previously concentrated expectations and chips, making the subsequent market healthier.
1️⃣ Market characteristics behind high volatility
$FHE's high volatility is not an isolated phenomenon, but is closely related to its strong technological narrative and the high concentration of market participants:
Rising phase: Market expectations for the landing and application prospects of fully homomorphic encryption (FHE) are being released in a concentrated manner