2026-01-18 08:25:50

FRAX's recent adjustment cycle is quite interesting. After a continuous decline, it found support around 0.7331 and then traded sideways for several days. Today, it suddenly surged with high volume, jumping over 30%. Technically, the 1-hour moving average system has already formed a bullish alignment, indicating that short-term upward momentum is building. The small pullback just now actually confirmed the validity of the previous support around 0.7331, which usually means the correction cycle has come to an end. From recent trends, the bulls are clearly gathering strength at this level. If volume continues to break through the resistance above, it could lead to a decent rebound. Of course, trading decisions should still depend on your risk tolerance and position management.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
6
Repost
Share

Comment

0/400

LiquiditySurfer

· 01-18 08:48

This 0.7331 support level, wow, it really didn't break. A 30% surge is quite fierce. By the way, position management is the most important, don't be greedy.

View OriginalReply0

AirdropHarvester

· 01-18 08:48

0.7331 this support level is really holding or not --- A 30% increase and everyone starts to get excited. After such a rapid rise, it's usually a trap for latecomers --- The moving averages are in a bullish arrangement... sounds good, but I just want to know how high it can go --- A pullback to confirm support? I think it's just a fakeout, be careful not to get caught --- Talking about position management easily, but when you really lose money, no one can control it --- This cycle has repeated several times, each time saying "the correction is over," but what happened? --- Breaking through the resistance level is the real signal. It's too early to call a rebound now

View OriginalReply0

AlwaysQuestioning