$FXS /USDT – Frax Share Trying to Build Momentum
$FXS is trading at 3.054 USDT, sitting between its 24h high of 3.122 and low of 2.621. The recent bounce has pulled the token back above short and medium-term moving averages (MA7 and MA25), while the long-term MA99 still acts as an overhead test.
Volume has been steady, signaling interest from buyers after the sharp dip earlier. If bulls can reclaim the 3.10–3.12 resistance zone, continuation toward 3.25–3.30 is possible. Failure to hold above 2.90 could open a slide back into the 2.70–2.62 support band.
🔹 Bias: Neutral-to-Bullish above 2.90
🔹 Watch: 3.12 resistance
🔹 Idea: Longs above 3.12, or buy dips closer to 2.70
Levels to Note
🔹 Resistance: 3.12 / 3.30
🔹 Support: 2.90 / 2.70
Wrap-up: $FXS is showing signs of recovery with buyers stepping back in. Break resistance, and the next leg higher could unfold.
