The volatility on $FRAX is off the charts! ⚡
After a sharp capitulation wick that swept liquidity all the way down to the $0.75 zone, bulls have stepped in with immense force. The 4H chart now confirms a textbook V-Shape Recovery, pushing the price back above $1.12.
📊 Technical Breakdown:
The Shakeout: The long downside wick (Panic Sell) suggests a major clearing of weak hands.
The Reversal: Aggressive buying momentum has erased the losses, reclaiming the $1.00 psychological level instantly.
Current Outlook: Price is stabilizing above $1.12. If this support holds, the market may look to test the recent highs near $1.30 again.
Is the bottom officially in? 👇
#FRAXUSDT #MarketSentimentToday #RecoveryModeDone
FRAXUSDT
Perp
0.9968
-13.98%
RIVERUSDT
Perp
41.37
-12.77%