$FXS Trading Opportunity Alert!
$FXS, the governance token of Frax Finance, is showing serious bullish momentum at ~$3.03, up 2.8% in 24h.
A falling wedge breakout on the 12h chart signals potential for a 70-150% rally, with targets around $6.64.
Technicals are strong: SMA10 crossed above SMA200, and RSI at 54 indicates room for growth.
Key levels: support at $2.60-$2.78, resistance at $3.59. Volume spiked 8.02M USDT in 24h, with 61% buy orders, reflecting strong buyer interest. Social sentiment is bullish, with whale accumulation and DeFi buzz driving optimism. The Fear & Greed Index at 48 (Neutral) suggests a balanced entry point.
Traders, watch for a confirmed breakout above $3.31 with high volume.
Set stop-losses below $2.40 to manage risk. Stay tuned for Frax protocol updates!
