Frax (FRAX) has been relatively less volatile compared to the crypto market. So far Friday, the Stablecoins has gained 0.23% to $1.
InvestorsObserver is giving Frax a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Frax!
Low Volatility
InvestorsObserver gives Frax a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. FRAX's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Frax price is trading near resistance. With support set at $0.995314437191195 and resistance around $1. This leaves Frax with potential selling pressures ahead as it may be getting over extended.