24h Change: +26.67%
Trend: Recovery rally after prolonged compression
Nature of Move: News/liquidity-driven impulse, not organic trend yet
This is strength, but it still needs confirmation.
Candlestick & Structure
Strong bullish expansion candles after a tight range
Price reclaimed key mid-range levels quickly
Follow-through is present, but candles are starting to shorten → momentum cooling
This suggests continuation is possible, but not guaranteed without consolidation.
Key Resistance Levels
Immediate Resistance: 1.18 – 1.20
Major Resistance: 1.24 – 1.26
A daily close above 1.20 is required to unlock the next upside leg.
Key Support Levels
Immediate Support: 1.12 – 1.10
Major Support: 1.04 – 1.02 (previous base)
As long as price holds above 1.10, structure remains constructive.
Bullish Scenario
Consolidation above 1.12
Break and hold above 1.20
Volume remains steady (not spike-only)
➡️ Upside targets: 1.24 → 1.26
Bearish / Pullback Scenario
Rejection from 1.20
Breakdown below 1.10
Decreasing volume on bounces
➡️ Pullback zone: 1.04 – 1.02 (still healthy, not trend-breaking).
Trading Bias
Bias: Neutral → Bullish
✅ Safer on pullbacks than breakouts
⚠️ Avoid chasing near 1.20 resistance
FRAX is recovering, not yet trending aggressively. #frax #Binance #P2PScam 
