$FRAX is experiencing strong downside volatility on the 1H chart
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After a sharp spike and immediate rejection, price entered a steep sell-off phase, breaking multiple short-term supports. The market is currently hovering around the $0.88 level, showing sustained seller dominance with weak bounce attempts.
The $0.81–$0.83 zone stands out as the next major support area. If this level fails to hold, downside pressure could extend further. Any recovery would first need a reclaim of the $0.95–$1.00 region to signal stabilization.
For now, price action remains fragile caution is advised until volatility cools and structure improves.
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