$FRAX is trading near $1.11 after a sharp rejection from the $1.24 region, a move that triggered heavy selling and pushed price down to the $1.05 support zone. While buyers did step in to defend this level, the bounce so far looks weak and corrective, with price still trading below key moving averages and failing to show strong bullish momentum. Volume has cooled after the sell-off, suggesting limited buying conviction, and the overall structure continues to favor sellers. As long as FRAX holds above $1.05, the market may attempt to stabilize or consolidate, but a clean break below this level could open the door for another downside move, while any meaningful recovery would require a strong reclaim of the $1.16–$1.18 resistance zone. For now, FRAX remains under pressure, and patience is essential until clear confirmation appears.
