💭 Frax Share (FXS)
What is Frax Share?
Frax Share is the governance token of the Frax protocol, which is the first partially algorithmic stablecoin protocol aimed at achieving stability in the price of the stablecoin FRAX through a mix of collateral and algorithms.
Support and Credibility:
Frax Share is supported by an active community and reputable developers, with multiple partnerships in the decentralized finance (DeFi) space.
📊 Technical Analysis and Current Data
Current Price: Approximately 3.07
24-hour High: 3.22
24-hour Low: 3.03
All-Time High: 42.80
All-Time Low: 1.26
24-hour Trading Volume: Approximately 15.54 million dollars
Max Supply: 99.68 million FXS
Current Circulating Supply: Approximately 88.90 million FXS
📈 Technical Analysis
Support: Approximately 3.00
Resistance: Approximately 3.20
Technical Indicators:
RSI: Approximately 55, indicating a neutral state with a slight buying bias
MACD: Shows a positive crossover indicating the beginning of bullish momentum
Trading Volume: Increasing, supporting the likelihood of a continued upward trend
It is preferable to monitor a breakout above the resistance level at 3.20 with an increase in trading volume to confirm the bullish trend.
Set a stop loss below the support level at 3.00 to reduce risks.
For the active:
Take advantage of daily fluctuations between 3.00 and 3.20 dollars for short-term profits.
Avoid entering long-term positions before confirming the breakout of resistance.
🚨Do your own research (DYOR)🚨