Frax (prev. FXS) (FRAX)

[ $FRAX Market Pulse 🔥 #24 ]

🔔 Market

Over the past week, price has continued consolidating inside the $0.22–$0.26 trading range that we identified in the previous Market Pulse.

Rather than accelerating lower, the market is beginning to accept this new range as its short-term balance area.

After breaking below the previous $0.26–$0.30 box, price is no longer searching for the next support.

It is now searching for a new equilibrium.

So far, buyers have continued defending the lower portion of the range, while rallies remain capped below $0.26.

The market is building energy. The next directional move will likely come from a breakout of this balance area.

Current Structure

Support: $0.22
Resistance: $0.26 & $0.28 (HTF)
Pivot: $0.24

Trigger
• Reclaim and hold above $0.26 → continuation toward $0.28
• Break above $0.28 → first meaningful structural improvement since the selloff
• Lose $0.22 → continuation toward lower price discovery

Execution
• Treat the current market as a range until proven otherwise

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