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FRAX's recent trend is indeed worth paying attention to. It surged nearly 29% within 24 hours, with the price directly breaking through multiple moving averages, forming a beautiful bullish alignment from MA5 to MA120. This technical combination usually indicates sustained buying pressure.
On the MACD side, a golden cross has appeared, and trading volume is increasing, which is a relatively positive signal. The RSI indicator has surged to 75, indicating overbought conditions, but in a strong market, technical indicators often become dulled. In this case, it actually suggests that buying enthusiasm is still high.
Looking at the position, the key level around 1.048 is interesting—it just happens to be below the previous high of 1.086, providing the last relatively reasonable price window for those wanting to buy in. If it can hold here and the trend is confirmed to start, it often leads to a smoother upward move, which can be quite challenging. Of course, trading still depends on your risk management skills—don't follow the crowd blindly.