($FRAX

FRAXUSDT

Perp

0.6534

+3.74%

)/USDT – Binance Analysis

Current Price: 0.6614

24h High: 0.6666

24h Low: 0.5955

24h Change: +10%

24h Volume: ~918K USDT (1.44M FRAX)

Important Context

FRAX is historically associated with a stablecoin ecosystem.

Seeing it trade at 0.66 USDT instead of near 1.00 means:

Either this is not the main stablecoin token,

Or the market is repricing the asset significantly,

Or liquidity is thin and volatile.

Volume under 1M USDT is relatively low → higher manipulation risk.

Market Structure

Move from 0.5955 → 0.6666 = ~12% range.

Price is currently sitting near the 24h high.

This is a breakout attempt, but without strong volume confirmation.

Key Levels