$FRAX Potential Technical Levels
$FRAX
Current Price: 0.9667
Immediate Resistance (Take Profit Target): The EMA(99) (purple line) is currently at 0.9685. Since the price is struggling just below this, a break above it could target the 24h High of 1.3198, though that is a very wide range.
Immediate Support (Stop Loss Target):
Tight: Below the EMA(7) (yellow line) at 0.9438.
Conservative: Below the recent swing low shown on the chart at 0.9088.
Summary of Indicators
Indicator Value Signal
EMA(7) 0.9438 Current support; price is trading above it (Bullish).
EMA(25) 0.9361 Secondary support level.
EMA(99) 0.9685 Immediate overhead resistance.
24h Low 0.8034 Major
Note: $FRAX is a stablecoin project. Seeing it trade at 0.9667 (nearly 4% below its 1.00 peg) suggests significant volatility or a de-pegging event. Trading this involves much higher risk than standard assets.
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