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.
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StableCoinKaren
· 3h ago
29% increase? Damn, this move is really strong, FRAX is so fierce!
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MissedAirdropAgain
· 6h ago
A 29% surge or something, I didn't get in again, feeling bad
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AirdropHermit
· 6h ago
The 29% increase... looks satisfying, but I'm worried it might be a fleeting bloom.
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ForkPrince
· 6h ago
A 29% increase, this FRAX is really hyped up!
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RektButSmiling
· 7h ago
A 29% increase can be spun into so many tricks, truly impressive. However, with RSI75 still touting buying enthusiasm, I just have to laugh.
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.