FRMI is having a tough time in the market lately, and there are several factors worth breaking down here.

First, the broader market sentiment has been weighing on mid-cap tokens recently. When Bitcoin and Ethereum experience consolidation phases, altcoins typically feel the pressure more intensely. FRMI hasn't been immune to this pattern.

Second, on-chain activity metrics have shown some interesting shifts. Trading volume spikes suggest some uncertainty among holders, with both accumulation and distribution patterns visible. This kind of mixed signal often precedes either a stronger move up or continued downside pressure.

The timing also matters—market cycles rarely move in straight lines. What looks rough today could be a healthy correction or a broader consolidation phase depending on how the next 48-72 hours play out.

If you're holding FRMI, keep an eye on key support levels and overall volume trends. These smaller cap coins often reward patient positioning during uncertain periods. The chart setup might offer clues about where this goes next.