2026-01-18 21:48:13

FRAX is showing bullish structure formation on the 15-minute chart right now. The token broke out decisively from its $0.88–$0.90 consolidation zone and punched through previous resistance levels with solid momentum behind it. What's notable here is that after this impulse move, FRAX managed to hold above the $1.10 mark — a critical support zone that's now acting as a key level to watch. If buyers can maintain their grip on this area, we could see further upside pressure. The aggressive price expansion from the base suggests momentum is present, but the real test will be whether this level holds as support or gets retested. Market participants should keep close tabs on how FRAX behaves around $1.10 in the coming sessions.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
5
Repost
Share

Comment

0/400

BTCBeliefStation

· 01-18 22:26

Breaking through the $1.10 barrier is the key to take off; otherwise, it will have to consolidate again.

View OriginalReply0

SocialAnxietyStaker

· 01-18 22:17

1.10 is the hurdle that must be crossed; otherwise, you'll have to go back and retest.

View OriginalReply0

GetRichLeek

· 01-18 22:17

At this level of 1.10, I bet the dealer can't break through, and it will drop back again to cut me a wave.

View OriginalReply0

RektButAlive

· 01-18 22:06

Frax's recent rally looks decent; let's see if 1.10 can hold, or else it might drop again.

View OriginalReply0

gaslight_gasfeez

· 01-18 21:53

FRAX this move looks really strong, jumping directly from 0.88 to 1.10, and the key is that it has stabilized... However, whether it can hold at the 1.10 level is the real point of interest.

View OriginalReply0