$FRAX
FRAX/USDT Latest Technical Update | Key Levels in Focus
1. Trend: Bullish – price rallied from 0.6140 and is holding above rising short-term MAs.
2. Market Structure: Higher highs and higher lows from the 0.6140 base.
3. Momentum: Strong bullish with expanding volume into 0.6792 high.
4. Key Support: 0.6538 – 0.6604 zone (recent breakout area and MA7).
5. Key Resistance: 0.6792 – 0.6825 zone (recent spike high and upper supply).
6. Current Signal: Breakout continuation pressing into resistance.
7. Bullish Scenario: Hold above 0.6604 and break 0.6792 to extend toward 0.6825.
8. Bearish Scenario: Lose 0.6538 and pullback likely rotates toward 0.6394 zone.
9. Invalidation Level: Sustained 1H close below 0.6394.
10. Closing Line: Structure favors upside continuation while price remains above 0.6538 support.