FRAX/USDT current price is 1.088, with a 24-hour increase of over 24%, and the daily trading volume has surpassed $12 million, indicating a clear rebound in market enthusiasm. There are two main drivers behind this rally: first, the restored confidence from the anchor mechanism correction; second, the staking yield of frxETH has attracted a large influx of DeFi funds.
From the market perspective, buy orders on a leading exchange are quite strong, especially after breaking the psychological threshold of 1.0, with selling pressure suddenly easing. The 1.088 level has already surpassed a historical resistance point, showing short-term momentum toward 1.12, but caution is needed for the risk of a pullback after a surge. On the technical side, 1.05 acts as support below, and a break below this level requires immediate stop-loss.
The stablecoin sector has recently seen obvious rotation, with funds seeking new yield opportunities. As a representative of algorithmic stablecoins, FRAX's recent performance is indeed worth关注. It is recommended to participate with a light position, taking partial profits in the 1.11-1.12 range, with single-position control within 20% of total funds. The probability of a short-term pullback after a rally cannot be ignored, and risk management should be prioritized.
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ZkProofPudding
· 16h ago
Whoa, 24%? That's a pretty crazy increase. Staking frxETH really attracts a lot of funds.
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LiquidityWitch
· 16h ago
1.088 is indeed a good level, but I will wait a bit longer before buying in, afraid of being the bag holder.
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ChainPoet
· 16h ago
A 24% increase is so strong, it feels like another wave of quick in and out market.
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AmateurDAOWatcher
· 16h ago
24-hour increase of 24%? Frax has really recovered this time; fixing the peg mechanism is the key.
However, I don't quite believe the 1.12 level. I've seen too many instances of the pump and dump pattern.
FRAX/USDT current price is 1.088, with a 24-hour increase of over 24%, and the daily trading volume has surpassed $12 million, indicating a clear rebound in market enthusiasm. There are two main drivers behind this rally: first, the restored confidence from the anchor mechanism correction; second, the staking yield of frxETH has attracted a large influx of DeFi funds.
From the market perspective, buy orders on a leading exchange are quite strong, especially after breaking the psychological threshold of 1.0, with selling pressure suddenly easing. The 1.088 level has already surpassed a historical resistance point, showing short-term momentum toward 1.12, but caution is needed for the risk of a pullback after a surge. On the technical side, 1.05 acts as support below, and a break below this level requires immediate stop-loss.
The stablecoin sector has recently seen obvious rotation, with funds seeking new yield opportunities. As a representative of algorithmic stablecoins, FRAX's recent performance is indeed worth关注. It is recommended to participate with a light position, taking partial profits in the 1.11-1.12 range, with single-position control within 20% of total funds. The probability of a short-term pullback after a rally cannot be ignored, and risk management should be prioritized.