FRAX Trades at $0.938 — Downtrend Break And Retest Attempt in Motion
$FRAX is trading around $0.938, pressing against a descending trendline that has capped price for multiple sessions. The chart highlights a potential breakout setup forming above key support.
🔹 Key Levels from the Chart
Major Support $0.76: Strong demand zone where buyers previously stepped in.
Local Resistances $0.82–0.85: First hurdles on any breakout attempt.
Mid‑Range Target $1.05: Key resistance if momentum builds.
Extended Target $1.28: Higher supply zone for a full trend reversal.
🔹 Market Structure
$FRAX has been respecting a descending trendline, but price is now attempting to break above it.
The chart’s projection arrows highlight a potential multi‑step move:
Break the trendline
Reclaim $0.82–$0.85
Push toward $1.05, with room to extend to $1.28
Holding above $0.76 keeps the bullish reversal scenario intact.
