$FRAX *FRAX: Short-Term Bullish Reversal with Caution đŹ*
FRAX is up 3.68% daily, trading at $0.6441, with EMA-7/25 crossover and positive MACD. Key points:
- Testing $0.6444 resistance, with RSI-6 at 73 signaling overbought conditions
- Retail-driven inflows ($9.34M net) contrast with institutional outflow ($418K)
- Whales hold 8.15x more shorts, creating high squeeze risk above $0.77
*Key Levels:*
- Support: $0.6188
- Resistance: $0.6444, $0.77
*Trading Strategy:*
- Short-term: Watch $0.6444 breakout or rejection; overbought RSI warns of correction
- Mid-term: Monitor $0.77 squeeze level; close above could trigger rally to $0.80-$0.82
- Long-term: Contrarian opportunity amid market fear; accumulation zone at $0.75-$0.80 Âč ÂČ Âł
Follow-up questions:
- What's the impact of frxUSD on EtherFi integration on FRAX's price?
- How does FRAX's whale activity compare to other stablecoins?
- Are there upcoming events or announcements that could affect FRAX's price?
