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Step #1 for $FRAX / $FXS: hold and close above 50c (last major point of breakdown) to indicate that the bottom’s in. For now, it’s in uncharted territory (to the downside 😬 ).
However - I think it’s more important to look at $frxUSD metrics currently to assess @Frax rather than the governance token. So far in 2026, mcap is on the rise, slowly but surely 🤝