Analysis #FXS

🚀 Analysis and forecast for $FXS: is it time to exit? 📈

As of May 20, 2025, 14:50 EEST, the price of $FXS (Frax Share) on Binance is $4.016, with a growth of 12% over the last 24 hours. The trading volume reached $13.34M, and the market capitalization is about $324M, reflecting increased interest in the project due to its role in the Frax Protocol ecosystem. The growth is associated with protocol updates and positive sentiment in DeFi.

Technically, $FXS is showing bullish momentum. On the 4-hour chart, the price broke through resistance at $3.80 and settled above the 50-day moving average ($3.65), which acts as support. The RSI (14) at 78 indicates overbought conditions, which may signal an imminent correction. The nearest resistance is at $4.20, support at $3.90. A breakout above $4.20 could lift the price to $4.50, but a drop below $3.90 would increase pressure towards $3.60.

Forecast: in the short term (by the end of May), FXS may correct to $3.90–$4.00 due to overbought conditions, but with supportive news (e.g., new partnerships), the price could reach $4.80 by July 2025. The long-term target for 2026 is $6.00, if the project continues to strengthen its position in DeFi.