$FRAX (Governance) just woke up.
We are seeing a massive +41% impulse candle on the 15m chart, ripping from $0.81 to a high of $1.57.
The Catalyst: The market is reacting to the North Star Upgrade and the deployment of the AIVM (AI Virtual Machine) on Fraxtal.
Technical Outlook:
Impulse: Clean break of the $0.80 accumulation zone.
Resistance: Rejection at $1.5740 (supply zone).
Support: Currently consolidating at $1.14. If we hold this level, the next leg up targets $1.60+.
Volume is flooding in. The rebrand from FXS FRAX is officially repricing the asset.
Call to Action:
Wait for a confirmed close above $1.20 for continuation, or DCA on the dip to $1.10. Don't fade the AI narrative.
