:

$FRAX USDT TECHNICAL ANALYSIS – SHORT SETUP

Market Overview:

FRAXUSDT is showing signs of heavy volatility after a recent surge of +34.28%, reaching a 24h high of 1.1480 before correcting to 1.0977. The 24h low stands at 0.7500, indicating a strong range and potential overextension on the upside.

Price Action:

The pair failed to maintain its recent highs around 1.14–1.15, and the price is now retesting 1.09.

The 4h and daily charts show a sharp rejection near resistance, hinting at a short-term pullback.

Immediate support is around 1.00, while the next critical level lies near 0.90.

Volume Analysis:

24h trading volume is robust at 303M FRAX / 295M USDT, confirming significant market activity.

Recent volume spikes occurred during upward moves, but selling pressure is now creeping in, suggesting a potential reversal.

Technical Indicators:

Price is trading slightly below the mark price (1.0978), signaling short-term weakness.

Rapid gains followed by a correction typically indicate profit-taking and a potential short