🔥$FRAX bouncing hard from major support 👀
0.78 held strong — watching 0.85 breakout next⚡
FRAX just bounced cleanly from a strong demand zone around 0.78–0.79 (red line). This level has been tested multiple times and buyers stepped in again — showing clear support.
📈 Current price pushing back above 0.83, which is short-term resistance.
What I’m watching next:
✅ Bullish scenario:
Break and hold above 0.85 → next targets 0.88 – 0.90
⚠️ Bearish scenario:
Lose 0.79 support → possible drop toward 0.75
💡 Structure right now = range accumulation after a strong dump. Big wick below support = liquidity grab + rejection.
Patience here pays. Let price confirm.
FRAXUSDT
Perp
0.6379
-4.89%