2026-01-18 09:28:08

Recently, the movement of FRAX has been very strong, with a 38% increase within 24 hours, and many people are chasing the high. However, from a technical perspective, this wave of market has already overextended many of its gains.

The RSI indicator has soared to 90.66, which is a sign of extreme overbought conditions and could face a pullback at any time. Although the price is currently flying above various moving averages, and the MACD shows a bullish crossover with increasing volume, indicating strength, such rapid surges often hide waterfall-like drops at turning points.

The current price of 1.1220 is already at a high level, and the risk of chasing the high is significant. Instead of rushing in, it’s better to wait patiently. The best entry opportunity should be around the MA5 support level after the price retraces, making the risk-reward ratio more reasonable. In the short term, it is recommended to stay cautious and not be blinded by the recent gains.

FRAX41%

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MetaverseVagrant

· 7h ago

I'm a bit nervous about this surge as well, RSI is already over 90 and it's still pushing... It's a classic case of chasing highs and delivering takeout.

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LiquidationWatcher

· 7h ago

38% this increase? RSI has already soared to over 90 and you're still chasing, isn't this just the self-cultivation of a bagholder? --- Another night of waterfall-style plunge, it happens every time. Human greed is so easily exploited. --- Waiting for a pullback to get in, isn't that more enjoyable? Why chase after this false hype of gains? --- Just wait for the MA5 to come, what's the rush? Anyway, FRAX can't run away. --- RSI 90.66, as soon as I saw this data, I knew something was off. Too many people are about to be washed out. --- The more it rises sharply, the more it crashes fiercely—that's the iron law of the crypto world. --- Looking strong actually just means false fire. Just because MACD shows a golden cross, you dare to rush in? Wake up, everyone. --- Short-term watch +1, I don't want to be the one to catch the last falling knife.

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CryptoHistoryClass

· 7h ago

statistically speaking, we've seen this exact RSI spike pattern before... tulip mania had better fundamentals lol. *checks notes* yeah, the classic "this time is different" energy is strong here. those MA5 touches always hit different when you're actually patient enough to wait for them 📊

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NewDAOdreamer

· 7h ago

Another rapid surge like this, RSI has already skyrocketed past 90, and people are still chasing. Isn't this just asking for death?

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rekt_but_vibing

· 7h ago

Haha, it's the same story again. When RSI is overbought, they say it will fall, but it keeps soaring.

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AirdropworkerZhang

· 7h ago

A 38% increase is indeed tempting, but the RSI has already soared past 90. Isn't this a sign of a potential sell-off? FRAX's recent move is a bit strange. It feels like someone is throwing money to push the price up. Those who dare to chase the high must have some serious guts. Wait for a pullback before entering again; otherwise, the ones who get burned will be us bagholders.

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SignatureLiquidator

· 7h ago

A 38% increase directly maxed out, RSI is off the charts, and you're still rushing in? Isn't this a casino? Haha

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