$FRAX

💎 $FRAX (Frax Share) Analysis: Post-Migration Momentum! 🚀

The FXS to FRAX rebrand is officially complete, and the market is reacting! With the migration finalized on major exchanges like Binance, $FRAX is now the unified face of the ecosystem. Here is what you need to know:

📊 Market Snapshot

Current Price: ~$0.81

24h Change: +3.5% (Recovery phase)

Market Cap: ~$72M

Trend: Bullish Reversal after profit-taking dip.

🔍 Technical Insights

Support Level: $0.77 – $0.79. This zone acted as a strong floor during the post-migration sell-off. As long as we stay above this, the structure remains bullish.

Resistance: $0.83 is the immediate hurdle. A clean break here opens the door for a rally back toward $0.92.

The Narrative: The completion of the 1:1 swap has reduced ecosystem fragmentation. We are seeing a "sell the news" event transform into an "accumulation" phase as long-term stakers move into veFRAX.

💡 Trading Strategy

FRAX is currently consolidating. The smart play is watching the volume on the new FRAX/USDT pair for a breakout confirmation.

Entry Zone: $0.795 – $0.810

Target 1: $0.85 (Short-term)

Target 2: $0.98 (Mid-term swing)

Stop Loss: Below $0.75

⚠️ Strategy Note: Watch for $BTC stability. If Bitcoin holds its current range, DeFi plays like FRAX often see outsized gains during recovery.

#FRAX #FraxShare #DeFi #BinanceSquare #CryptoAnalysis #FXS.智能策略库🥇🥇