$FRAX /USDT Market Update 📊
Current Price: $0.9915
24h Change: -0.14% 🔻
24h Range: High $1.06 | Low $0.92
Technical View: On the 4h chart, FRAX is maintaining stability near its peg following a massive 61% rally earlier this month triggered by the Binance FXS-to-$FRAX swap. The price is currently consolidating after reaching an intraday high of $1.34 on January 15.
Market Sentiment: Momentum remains neutral-to-bullish as the ecosystem expands onto the Fraxtal network. While short-term oscillators suggest a "Sell" on the 4h frame, long-term indicators remain neutral as the asset targets a sustained range between $0.99 and $1.01.
Observation: Watch the $0.92 support level closely. If buyers defend this zone, a recovery toward the $1.02 resistance is likely by the end of January. 🚨
