$FRAX 💎
$FRAX (Frax Share) Analysis: Post-Migration Momentum! 🚀
The FXS to FRAX rebrand is officially complete, and the market is reacting! With the migration finalized on major exchanges like Binance,
$FRAX is now the unified face of the ecosystem. Here is what you need to know:
📊 Market Snapshot
Current Price: ~$0.81
24h Change: +3.5% (Recovery phase)
Market Cap: ~$72M
Trend: Bullish Reversal after profit-taking dip.
🔍 Technical Insights
Support Level: $0.77 – $0.79. This zone acted as a strong floor during the post-migration sell-off. As long as we stay above this, the structure remains bullish.
Resistance: $0.83 is the immediate hurdle. A clean break here opens the door for a rally back toward $0.92.
The Narrative: The completion of the 1:1 swap has reduced ecosystem fragmentation. We are seeing a "sell the news" event transform into an "accumulation" phase as long-term stakers move into veFRAX.
💡 Trading Strategy
FRAX is currently consolidating. The smart play is watching the volume on the new FRAX/USDT pair for a breakout confirmation.
Entry Zone: $0.795 – $0.810
Target 1: $0.85 (Short-term)
Target 2: $0.98 (Mid-term swing)
Stop Loss: Below $0.75
⚠️ Strategy Note: Watch for $BTC stability. If Bitcoin holds its current range, DeFi plays like FRAX often see outsized gains during recovery.
#FRAX #FraxShare #DeFi
#BinanceSquare #CryptoAnalysis
#FXS.智能策略库🥇🥇