DeFi protocols like $FXS need strong governance and sustainable yield mechanisms.

Here's my TA on $FXS (Frax Share):

$FXS showing bearish momentum with price near support at $2.58. RSI in oversold territory at 35.46 suggests potential reversal, while MACD remains bearish with increasing negative momentum.

Price Movement:
➤ $2.58 (+0.71%)

Market Sentiment:
➤ RSI: 35.46, MACD: -0.23326, Signal: -0.17846

Volume & Cap:
➤ 24h Volume: $27.97M, Market Cap: $225.01M

Support/Resistance:
➤ Support: $2.24, $2.02, Resistance: $3.28, $3.69

Risk Analysis:
➤ Risk Score: 5, Confidence Level: High