$FRAX ‌FRAX Market Snapshot

FRAX made a sharp upside move in a short time and then cooled off. After the spike, price is now moving in a tighter range, which usually means the market is absorbing the move instead of continuing straight up or crashing down.
🔍 What the chart is saying
Short-term (1H):
Strong impulse move from the lower zone
Quick rejection from the top, followed by consolidation
Buyers are still active, but momentum has slowed
This looks more like pause and balance, not panic selling.
Key levels:
Support zone: around 1.10
Resistance zone: around 1.30
These levels will guide the next move.
⏳ Outlook (Different Timeframes)
Short term:
If support holds, price may continue ranging or attempt another push upward.
Mid term:
A clean hold above resistance could extend the move.
Losing support may bring a deeper pullback to cool the market.
Based on:
Price action, impulse-pullback structure, support & resistance behavior.
⚠️ Reminder
This is personal market observation, not financial advice.
Always manage risk and trade responsibly.