2026-01-18 09:32:11

FRAX's performance today is quite interesting. It sharply rose from the low of 0.75 all the way to 1.1462, with a 24-hour increase of nearly 43%, then pulled back slightly to around 1.12. During the pullback, trading volume did not increase, and the 1.10 support level held very firmly, indicating strong buying interest.

From a technical perspective, the hourly chart shows a clear oscillation support zone between 1.10 and 1.12, with the MA5 moving average continuing to rise, and trading volume remaining at high levels. These details all point to an effective upward trend.

The next trading strategy is as follows: as long as the resistance before 1.1462 is broken with increased volume, the upward target is set at the 1.16 key level, and a more aggressive move could even push towards the 1.20 range. Currently, a pullback to the 1.10 to 1.12 zone is a good entry point, holding close to the MA5 moving average is not problematic. The stop-loss is set at 1.07; if this support level is broken, a trend reassessment will be necessary.

FRAX41.94%

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LiquidityHunter

· 8h ago

FRAX's recent surge is quite intense, with a 43% increase directly taking off. However, I'm more concerned about whether 1.10 can hold, as that seems to be the real watershed. Holding above MA5? Sounds good, but I'm just worried about a sudden dump to hit my face. If 1.07 breaks, I really have to escape; a pullback then might mean taking a hit. A 43% increase is a bit too fast; could it just be a tactic for the main players to offload? There's still some pressure at 1.12; if it can't break through 1.1462, it feels like it will just range sideways. I'm optimistic about this trend; 1.16 is just around the corner. Keep pushing! If support at 1.10 remains solid, it indicates retail investors are bottom-fishing, which is a good sign. The MA5 moving average continues to rise comfortably, but a 43% increase in 24 hours does carry a risk of a pullback. The lack of volume increase is actually a hidden risk; a breakout needs volume support. Feels like a pattern of first pushing up then crashing—be careful not to get caught in a trap.

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GasWaster

· 9h ago

FRAX's recent surge looks decent, but I still can't quite believe a 43% increase. Let's wait until it breaks 1.1462. --- Support at 1.10 is so solid, but it feels like a trap to lure more buyers. --- Holding below MA5? I've heard that line too many times. What's the result? --- The hourly chart support looks good, but I still want to see volume speak. --- Breaking 1.20 at this pace isn't surprising; let's see if retail investors can bottom out at 1.10. --- Defense at 1.07? Feels like 1.08 should be the point to start reducing positions. --- A 43% increase in one day is impressive, but a quick retracement back within an hour isn't surprising.

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ParanoiaKing

· 9h ago

A 43% increase is really impressive. I feel very comfortable with the 1.10 support level, just waiting for it to pull back and enter the position.

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RugpullAlertOfficer

· 9h ago

A 43% increase is quite significant, but I'll wait and see if 1.1462 can hold steady before making any decisions.

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WalletManager

· 9h ago

1.10 this support level does have some substance; my position was accumulated here, and it doesn't look like a loss now. Keep your private keys tight, don't follow the trend and chase highs. A 43% increase is too fast; be cautious of a potential sell-off. If 1.1462 can't be broken, it's a false breakout; just stick to 1.10. With such a high contract risk factor, why not use a multi-signature wallet to store these chips? I don't believe 1.20 can be reached; aggressive traders will be cut sooner or later. Maintain high trading volume? Beware of signs of distribution. If 1.07 drops, I will admit defeat directly; there's no need to overthink it. On a larger scale, there are still issues with FRAX; its splitting mechanism is inherently problematic. Hold your chips and wait for 1.16; don't be blinded by short-term gains.

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