FHE is currently trading at $0.000000790640, near historical lows, with a market cap of just $79 and negligible 24-hour volume (CoinBrain). On the daily chart, FHE appears to be testing a critical support zone around $0.00000075-$0.00000080, a level that has held during previous sell-offs. The 14-day Relative Strength Index (RSI) is deep in oversold territory at 25, suggesting selling pressure may be exhausted. A bullish divergence is forming, with price making lower lows while RSI shows higher lows, hinting at weakening bearish momentum.The 50-day Exponential Moving Average (EMA) sits at $0.00000095, acting as dynamic resistance. A break above this level could trigger a short-term rally toward $0.0000012, a 50% move from current prices, aligning with the 200-day EMA. Volume remains thin, typical for micro-cap tokens, but a spike in buying volume could confirm the reversal. On the downside, a break below $0.00000075 risks further capitulation to $0.00000050, though low liquidity makes precise targets tricky.
Actionable Insight:
Watch for a daily close above $0.00000095 with increased volume to confirm bullish momentum. Set stop-loss below $0.00000075 to manage downside risk. High volatility expected, so position size cautiously. Use MEXC or other low-liquidity exchanges for real-time data.
Chart Setup:
Timeframe: Daily
Indicators: RSI (14), 50-day EMA, 200-day EMA, Volume
Levels: Support ($0.00000075), Resistance ($0.00000095, $0.0000012)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.