Frax Share ($FXS ) showed a growth of 16.7% over the past 24 hours, reaching $3,122. The coin demonstrates strength against the backdrop of the DeFi market recovery. Technical analysis reveals key levels: support at $2.95–$3.00, resistance at $3.30–$3.50. RSI (62) indicates a neutral zone, but volumes are increasing, confirming buyer interest. The volatility of FXS remains moderate, making it attractive for swing trading. Fundamentally, the Frax Protocol continues to strengthen its positions in stablecoins, supporting long-term potential.
Bullish scenario: A breakout $FXS $3.30 opens the way to $3.50–$3.80. Entry point: $3.15–$3.20. TP: $3.50, $3.80. SL: $3.06 (3% of entry). Move SL to breakeven upon reaching $3.30.
Bearish scenario: A breakdown of support $FXS $2.95 will drive the price to $2.80. Entry point (short): $3.00. TP: $2.80, $2.65. SL: $3.15 (5% of entry). Move SL to breakeven at $2.90.
Recommendation: use 1–2% of the deposit to minimize risks. FXS is volatile but promising for short-term trades. Share your ideas in the comments! Subscribe so you don't miss fresh analytics and trading plans! 🚀
