$FRAX Rebrand Momentum Ignited! 🚀
Following the successful migration from FXS to FRAX on Binance, the chart is screaming bullish. After a massive rally from the $0.75 floor to a peak of $1.49, we are now seeing a textbook "bull flag" consolidation.
The Setup:
🔹 Price Action: Currently holding steady above the 25-period Moving Average (~$1.14).
🔹 Trend: Clear series of Higher Highs on the 4H timeframe.
🔹 Utility: Now serving as the native gas token for Fraxtal L2—fundamental demand is rising.
Key Levels:
🎯 Target 1: $1.49 (Previous Resistance)
🎯 Target 2: $1.65+ (Blue Sky Breakout)
🛡️ Support: $1.10 - $1.15 (Entry Zone)
The rebrand hype is transitioning into real ecosystem growth. Keep an eye on the volume; if we clear $1.50, the next leg up could be parabolic. 📈
Trade here :
FRAXUSDT
Áll. határidős
0.7755
-1.13%