$FXS /USDT: Frax Share’s Pullback – Healthy Reset or Red Flag? 📉❓ on the 4H chart, FXS has retraced from its 24h high of $4.023 to trade around $3.597, marking a -10.12% drop in the last day. Here’s what stands out:
Peak & Profit-Taking:
FXS ran up to $4.099 before sellers stepped in, leading to a series of red candles.
Support in Focus:
The $3.536 zone held as the 24h low—watch for a bounce or a breakdown below.
Volatility Reminder:
Rapid swings highlight crypto’s choppy nature; a pause may be needed to stabilize.
Consolidation Setup:
A tight range around current levels could reset momentum for the next push.
Key Levels:
🛡 Support: $3.536 – a hold here suggests buyers are ready.
🏹 Resistance: $3.90–$4.02 – reclaiming this range could resume the uptrend.
Pro Tip: Look for bullish reversal candles or rising volume at support before entering. And keep an eye on DeFi sector news—liquid staking updates can move FXS.
