$FRAX USDT PERP TECHNICAL ANALYSIS

MARKET STRUCTURE & TREND

FRAXUSDT has shown a strong bullish impulse, rallying aggressively from the 0.76 support zone and printing a +50% move. Price is holding above the key psychological 1.00 level, confirming a bullish market structure with higher highs and higher lows across lower and mid timeframes.

KEY SUPPORT & RESISTANCE

Immediate Support: 1.05 – 1.00

Major Support: 0.90 – 0.85

Immediate Resistance: 1.22 (recent high)

Major Resistance: 1.40 → 1.60

PRICE ACTION & MOMENTUM

After the explosive move, price is currently consolidating above previous resistance, which now acts as support. This type of consolidation after a strong rally usually signals continuation rather than reversal, unless support is lost with high volume.

TRADE BIAS

📈 BULLISH – LONG CONTINUATION SETUP