FRAX's recent performance is indeed worth paying attention to. A significant increase of 45.95%, accompanied by a noticeable growth in holdings, this combination of data often reveals the true intentions of major participants—rather than market panic short-selling.

From a price action perspective, the key points are these critical levels: it is recommended to gradually build positions in the 1.150 to 1.165 range. If the price falls back to 1.120, a hard stop-loss should be set—this is the bottom line. Regarding upward targets, the first phase looks toward 1.250. If a smooth breakthrough occurs, 1.320 becomes the next resistance level.

What’s even more interesting is the market psychology. After a sharp rise, there was no typical panic selling, indicating that holders are confident and are all waiting for further upward movement. Coupled with the simultaneous increase in holdings, this further confirms the story of genuine new capital entering—the false prosperity caused by forced short covering is unlikely.

Buyers are continuously absorbing chips at key breakout levels, and this buildup feeling is very obvious. As long as the price can hold above 1.120, the entire upward momentum has the potential to continue. The current market sentiment is leaning positive, and the atmosphere of holding positions and waiting for a rise is quite strong.