Frax Share (FXS)
FXS hasn't mirrored BTC’s explosive growth just yet. However, the Frax Share chart is currently on an upward trend, and the asset is experiencing steady growth, marked by occasional corrections and pullbacks.
Today, FXS reached a new local high at $6.43. The asset’s main objective is to maintain its upward momentum. The upcoming resistance levels for buyers are positioned at $6.65 and the psychological threshold of $7. If BTC continues to trade within a narrow range, FXS could potentially break through these levels in the foreseeable future.
A correction in line with the primary trend is also a possibility. Buyer orders are stacked within the support zone of $5.65-$5.84, as well as at the $5.46 and $5.21 levels. These zones could be appealing entry points for buyers.
FXS hasn't mirrored BTC’s explosive growth just yet. However, the Frax Share chart is currently on an upward trend, and the asset is experiencing steady growth, marked by occasional corrections and pullbacks.
Today, FXS reached a new local high at $6.43. The asset’s main objective is to maintain its upward momentum. The upcoming resistance levels for buyers are positioned at $6.65 and the psychological threshold of $7. If BTC continues to trade within a narrow range, FXS could potentially break through these levels in the foreseeable future.
A correction in line with the primary trend is also a possibility. Buyer orders are stacked within the support zone of $5.65-$5.84, as well as at the $5.46 and $5.21 levels. These zones could be appealing entry points for buyers.
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