Here’s the FXS/USDT technical analysis and trade setup:

Market Insight:

FXS is showing strength with a 7% daily gain and reclaiming $3.20 resistance, supported by a steady rise in USDT volume. Bullish sentiment is building around Liquid Staking narratives.

Entry:

Ideal buy range: $3.08 to $3.18 on light pullbacks.

Targets:

🎯 Target 1: $3.35

🎯 Target 2: $3.52

🎯 Target 3: $3.78

Stop Loss:

$2.96 to guard against trend reversal.

Key Levels:

Support: $3.08 and $2.91

Resistance: $3.35 and $3.78

Pivot: $3.20

Pro Tip:

If price consolidates above $3.20 for a few candles on the 1H/4H chart with volume stability, it may act as a springboard for momentum continuation. Watch ETH/LST tokens for broader confirmation.