$FRAX /USDT - Quick Check
Price right now: $1.1365
Looks like it’s had a wild 24 hours—up almost 40% at one point, sitting in the "Gainers" list. High today was $1.574**, low was **$0.812, so we’re somewhere in the middle after a pullback.
Volume’s decent: over 16M FRAX traded, which suggests real movement, not just a thin pump.
Can it pump again?
Hard to say, but here’s the feel:
· That 40% green candle is already a huge move. Usually after a run like that, things cool off or consolidate for a bit.
· We’re sitting between the 24h high and low, so not overextended, but not at the bottom either.
· If DeFi momentum keeps up and buyers step back in around this $1.13–1.14 zone, another leg up isn’t impossible.
· Watch the lower supports around $0.94** and **$0.77—if those hold on a retest, could be a good sign.
My take:
Not jumping in right now unless you’re already in. Let it settle. If it holds above $1.10 and volume stays strong on the 1H/4H, maybe another attempt at the $1.57 high later. But chasing here feels risky—could easily dip back to $0.94 first.
Trade safe.
$FRAX #MarketRebound @Binance Square Official
