FRAX's recent performance is quite interesting. After experiencing some early volatility, the price directly surged to $1.09, and trading volume also skyrocketed—over 3.7 million USDT traded in the past hour, indicating that there is indeed capital paying attention.

From a technical perspective, the current signals are quite strong. The 7-period EMA has already broken above the 25-period EMA, and the MACD has also shown a bullish crossover, all pointing to ongoing upward momentum. Many community voices are also quite optimistic, with some even targeting $1.15 to $1.40, describing the rebound as a "monster-level move."

However, caution is needed as these two RSI indicators are a bit extreme—6-period RSI at 79.51 and 12-period RSI at 76.68, both already in overbought territory. What does this usually mean? A short-term correction may be imminent. The price is also approaching the upper band of the Bollinger Bands, which from a chart perspective, does look somewhat overextended. Some traders are even discussing the possibility of a "dead cat bounce," especially considering the decreasing trading volume during consolidation.

In summary: the bullish momentum is still there, but the overbought signals are quite clear. The next move depends on whether the price can hold this level. There is a significant risk of a short-term correction, so caution is advised for those chasing the high.