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FRAX holding steady at $1.09 after the recent rebrand buzz. The migration mechanics coupled with institutional reserve backing (notably BUIDL-related flows) sparked a notable 41% rally that peaked near $1.24. Trading activity remains robust at $40M in daily volume, suggesting solid interest levels.
From a technical perspective, keep an eye on two critical zones—the $1.16 resistance above and the $1.02 support below. How these levels hold will likely dictate the next directional move. The current price action shows the token maintaining ground, though momentum will depend on sustained participation.
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