Frax Share (FXS) Soars 20% as Bullish Market Trend Continues

• Frax Share (FXS) price retested the range low of $4.10 and then immediately shot up to the range high of $8.25 in the first two weeks of January.
• The 20-day, 50-day, and 100-day EMA of FXS are currently at $6.8545, $5.9262, and $5.7747 respectively, with FXS‘ price trading above all of these key levels.
• The trading volume of FXS is also on the rise, currently at 1.65 million, with a volume moving average of 850.738 thousand.

Frax Share (FXS) has seen an impressive surge in its price since the start of 2021. After reaching a low of $4.10 in January, FXS quickly rose to a high of $8.25, indicating a strong uptrend in the market. Furthermore, the 20-day, 50-day, and 100-day EMA of FXS are currently at $6.8545, $5.9262, and $5.7747 respectively, with FXS‘ price trading above all of these key levels. This suggests that the short to long-term trend of FXS is bullish and that it has the potential to move further to the upside.

The trading volume of FXS is also on the rise, currently at 1.65 million, with a volume moving average of 850.738 thousand. This is a positive sign, as it indicates that there is significant buying interest in the cryptocurrency, confirming the bounce off the range low. Hal Press, the founder of North Rock LP, commented on the uptrend, stating that “there is genuinely an underappreciated fundamental story here and ETH withdrawals are the perfect catalyst to bring this to light.”

Overall, the current market trend of FXS is bullish and the cryptocurrency has the potential to continue its uptrend. As Frax Share continues to gain more attention and investment, the FXS price could potentially reach even higher levels. Investors should keep an eye on the FXS price and the market sentiment to determine the best time to enter or exit their positions.