Price Position and Structural State
Frax Finance (FRAX) closed at 0.2945 USDT on August 29, 2026, down 1.24%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.2284 USDT, with resistance near 0.3317 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
FRAX is trading below short-term moving averages while still holding above longer-term support. MA20 at 0.29929 USDT may cap short-term recovery attempts, while MA100 at 0.289031 USDT remains the more significant structural support area. The structure resembles a pullback within a broader trend more than a full trend failure.
Trading Friction and Price Efficiency
FRAX shows moderate trading friction, with a 3-day friction score of 38.3. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest fell -5.79% in one day, showing clear position reduction. OI sits near the middle of its 60-day range, so the move reduces leverage from a normal base rather than clearing an already crowded leverage base.
Funding is positive on the 24-hour average at +0.002517%, with the 7-day average also positive at +0.003891%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 3.04, sitting near the upper side of its 30-day range at 94.32%. This means long accounts are unusually dominant compared with recent history.
Correlation, Beta, and Index Relationship
FRAX shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.356 | 0.511 | 0.127 | Moderate linkage |
| 60D | 0.409 | 0.658 | 0.168 | Moderate linkage |
| 180D | 0.44 | 0.664 | 0.194 | Moderate linkage |
Momentum, Volatility, and Indicator Pressure
FRAX remains in a low-volatility setup. ATR% reads 5.90, close to the bottom of its full historical range, and Bollinger Band width% reads 14.41, close to the bottom of its full historical range. 20-day Volume Z-score is -0.64, so participation is not forcing a broader move yet.
ROC14 is +1.97%, while RSI is 49.93 and MACD histogram remains negative. Multi-day acceleration has improved, but the broader momentum picture is still incomplete.
The read is early: some pressure is improving, but the asset remains compressed. A better signal would need range expansion and stronger volume.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. FRAX has a moderate link to that market condition, so market strength can still influence price behavior, while asset specific factors also matter.
Key Levels for the Next State Change
For FRAX, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.3317 USDT establishes a bullish regime, while a daily close below 55-day support at 0.2284 USDT confirms a bearish regime.