$FRAX
FRAX
0.9432
-5.65%
Coin (FRAX) is currently trading at $1.16, showing a 17.4% increase in the last 24 hours. The cryptocurrency has seen significant growth, driven by its focus on decentralized finance (DeFi) and recent updates.¹
*Key Developments:*
- *Mainnet Swap*: Frax completed its FXS-to-FRAX mainnet swap, reducing circulating supply by 9.3M tokens.
- *Regulatory Tailwinds*: Stablecoin bills in the US and Hong Kong favor compliant protocols like FRAX.
- *Technical Breakout*: MACD histogram turns positive, with RSI (67.1) signaling room for continuation.
*Support and Resistance:*
- Support levels are at $0.9413, with resistance at $1.27 and $1.43.² ³
📈 _FRAX's price is expected to test $1.27 resistance, with potential upside if it sustains above $0.9413_.