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$FRAX (governance token) — concise short analysis & price view (Jan 18, 2026)
- **Current drivers:** listings/liquidity up (bull), regulatory risk on stablecoin hybrids (bear).
- **Key on‑chain checks:** TVL, circulating supply vs locked (veFXS), trading volume, frxUSD collateralization.
- **Short‑term technical:** support ~$0.88–$0.92, resistance ~$0.94–$1.00. Close >$1.00 bullish; fail support → $0.75–$0.80.
- **Price outlook (probabilities):**
- 1–3 months: 60% rangebound $0.70–$1.10; 25% bullish to $1.10–$1.50; 15% bear < $0.70.
- 12 months: midcase $1.10–$1.50 if adoption grows; downside ~$0.60 if adoption/regulation worsen.
- **Trade tip:** confirm token, size positions, set stop near support, monitor TVL and regulatory news.
#frex #crypto $FRAX