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Frax (FRAX) Falls 0.08% Friday: What's Next for This Bearish Rated Crypto?

Friday, December 01, 2023 07:02 AM | InvestorsObserver Analysts
Frax (FRAX) Falls 0.08% Friday: What's Next for This Bearish Rated Crypto?

Frax (FRAX) gets a bearish rating from InvestorsObserver Friday. The crypto is down 0.08% to $0.9988349449 while the broader crypto market is up 1.71%.

Sentiment Score - ,
Frax has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Frax!

Bearish

Over the last five days, Frax has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Frax over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Frax is currently trading near its midpoint for the past five-days. The crypto is 0.19% off its five-day high and is 0.13% higher than its five-day low of $0.997550845146179.

Frax price is currently below support. With support set around $0.999087960246212 and resistance at $1, Frax is potentially in volatile territory as selling pushes the crypto's price below recent support.

Frax has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Frax

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