😀 FRAX makes an impressive leap of 44%! What is happening with this stablecoin?
The current price of FRAX/USDT is 1.1777 USDT, recording an extraordinary high of 43.94% in the last 24 hours.
The short-term trend is explosive and clearly bullish, indicating a strong and sudden influx of buying.
The main level to watch now is the resistance at the day's high, at 1.3000 USDT. The main support formed by the day's low is at 0.7840 USDT, followed by the psychological region of 1.0000.
The traded volume, at 21.41 million USDT, is exceptionally high and validates the intensity of this unusual movement, solidifying the rise.
Summary: The bias for FRAX/USDT remains strongly positive in the very short term, as long as the price defends the main support at 0.7840. Consolidation above 1.1777 may seek a new test at 1.3000.
$FRAX $DASH $BTC #frax #DASH/USDT #BTC100kNext? #btc #FraxShare
