Resistance

Frax Share

Frax

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FXS price prediction is bearish till trades below the $7.00 level.</a> </li> 
 <li> <span>2</span> <a>Frax share price is trading below the 50-day and 200-day EMA showcasing a downtrend.</a> </li> 
 <li> <span>3</span> <a>FXS crypto price struggles to defend the $5.00 support.</a> </li> 
</ul> 
<p>FXS price prediction is bearish for the short term till it trades below the $7.00 level. However, the prices look oversold and near to the yearly lows so a short squeeze might trigger anytime.&nbsp;</p> 
<p>Frax Share price faced rejection from the 200-day EMA and also slipped below the 50-day EMA. It denotes that the short-term trend as well as the positional trend is in a downward direction.&nbsp;</p> 
<p>Buyers tried multiple times to break the 50-day EMA and sustain the prices above that to regain the confidence of investors. Unfortunately, due to the presence of strong sellers prices faced rejection and reverted down.&nbsp;</p> 
<p>In the mid-August, FXS price dropped below the $6.00 support. It triggers the negative sentiment and invites further decline.&nbsp;</p> 
<p>FXS crypto seems to be stuck in a wide range between $4.500 to $7.00. It seems to be consolidating for the base formation.&nbsp;</p> 
<p>Presently, the FXS price is trading at $5.150 with an intraday rise of 2.39%. The 24-hour volume to market cap is 7.09%. The pair of FXS/BTC is trading at 0.00019635 with an intraday decline of -1.51%.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-fxs-price-recover-or-decline-further-strong"><strong>Will FXS Price Recover or Decline Further?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="434" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-303-1024x434.png" alt="FXS Price Prediction: Will FXS Crypto Take U-turn from $5.00?" class="wp-image-167185" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-303-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-303-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-303-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-303-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-303-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-303-1140x483.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-303.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   FXS/USDT daily chart by <a href="https://www.tradingview.com/x/QEGPw9dx/" target="_blank" rel="noreferrer noopener">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>FXS price prediction favors the bears and no signs of recovery are visible. The sellers look more active as compared to buyers. So any short-term pullback rally will face difficulty in holding the higher levels.&nbsp;</p> 
<p>Till the <a href="https://www.thecoinrepublic.com/2023/08/11/frax-coin-price-prediction-2023-fxs-coin-break-resistance-rise/" target="_blank" rel="noreferrer noopener">Frax share price</a> is trading below $6.00, it is expected to remain in bear grip.&nbsp;</p> 
<p>However, if prices recover and buyers succeed in breaking out of the $6.00 hurdle, then the short-term trend will reverse in the favor of bulls. On the other hand, if the prices drop below $4.500, then more downside will open.</p> 
<h3 class="wp-block-heading" id="strong-frax-share-price-fell-for-three-consecutive-weeks-strong"><strong>Frax Share Price Fell for Three Consecutive Weeks</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_01dab"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp;
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp;
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "BINANCE:FXSUSDT",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_01dab"

}

  );

  </script> 
</div>  
<p>Frax share price fell for three consecutive weeks and formed a bearish pattern. The overall crypto market is bearish which is negatively impacting the prices of FXS.&nbsp;</p> 
<p>The MACD curve slopes down and slips below the zero line. It indicates bearishness and sellers continuing their dominance. The RSI at 35 is near to the oversold territory so a wild short-covering rally may trigger any time from lower levels.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>FXS price prediction is bearish till it trades below $7.00. It has corrected a lot from its recent swing high but still no signs of recovery are visible.&nbsp;</p> 
<p>The technical analysis suggests the FXS price is in the bears’ grip and the probability of taking a U-turn from $5.00 is low.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $6.069 and $6.972</li> 
 <li>Support levels: $4.500 and $4.117</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

FXS Price Prediction: Will FXS Crypto Take U-turn from $5.00?

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