$FXS, the governance token of Frax Finance, is catching serious attention—currently trading around $3.03 with a 2.8% gain in the last 24 hours.$TRUMP
A bullish breakout from a falling wedge pattern on the 12-hour chart suggests a powerful upside move could be on the horizon. Price targets are ambitious, ranging between $6.00 and $6.64—implying a possible 70% to 150% rally if momentum sustains.
Technical indicators are lining up: the 10-day SMA has crossed above the 200-day SMA, a classic bullish signal. Meanwhile, the RSI stands at 54, giving plenty of room for further upside before hitting overbought territory.$TRU
Key levels to watch:Support: $2.60 – $2.78
Resistance: $3.59
Breakout Trigger: $3.31 (with volume confirmation)
Volume is also speaking loud and clear—$8.02M USDT traded in the past 24 hours, with 61% of orders on the buy side. This reflects growing accumulation, likely supported by whale interest and rising DeFi momentum.
Sentiment across social platforms remains bullish, while the Fear & Greed Index at 48 suggests a neutral environment—an ideal entry zone for strategic traders.
Trading Tip: Watch closely for a strong breakout above $3.31. A stop-loss just below $2.40 is recommended to manage downside risk.
Stay alert for upcoming developments from the Frax protocol—this setup could evolve quickly.#TradingCommunity
#FXS #CryptoTrading #Altcoins #FraxFinance
