📊 FRAX/USDT Market Update (Perpetual)

$FRAX saw a strong intraday move, surging from the $0.80 zone to a high near $1.32, showing solid volatility and trader interest. After the spike, price entered a cool-down phase, pulling back and now stabilizing around the $0.99–$1.00 range.

🔍 Key Observations:

+16% move in the last 24 hours.

Price hovering near the psychological $1.00 level.

Volume has declined, suggesting consolidation after the impulse move.

Short-term MAs are flattening, hinting at indecision.

⚠️ This looks like a consolidation zone after a sharp pump. A breakout or further retracement will likely depend on volume returning.

📌 Always manage risk and wait for confirmation.

Not financial advice.