$FRAX /USDT — Momentum Rebound Watch
Price: 0.6228
24H Change: -10.38%
24H High: 0.7089
24H Low: 0.6078
Volume: 2.88M FRAX | 1.86M USDT
Timeframe: 15m (Binance)
After a sharp selloff, FRAX wicked into 0.6078 support and instantly printed a strong green recovery candle. Buyers defended the demand zone aggressively — first signal of exhaustion in the downtrend.
MA(7): 0.6186
MA(25): 0.6225
MA(99): 0.6459
Price is now reclaiming the short MAs and attempting to flip MA25 into support while MA99 remains the major trend resistance.
Key Levels
Support: 0.608 — 0.600
Intraday Pivot: 0.622
Resistance: 0.635 → 0.646 → 0.665
Scenario
Holding above 0.622 opens a continuation bounce toward 0.635 and possibly a squeeze to 0.65+.
Losing 0.608 cancels the recovery and sends price back into the sell zone.
Momentum is shifting — watch for volume expansion. This is a reaction trade zone, not a confirmed trend reversal yet.