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Frax (FRAX) Falls 0%, Outperforms the Crypto Market Sunday

Sunday, June 26, 2022 07:03 PM | InvestorsObserver Analysts
Frax (FRAX) Falls 0%, Outperforms the Crypto Market Sunday

Frax (FRAX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Stablecoins has dropped 0.17% to $0.9976929265.

volatility - 2
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 tracks meaning that one day won't make or break its rank. FRAX's low volatility reading comes 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 favorably positioned going forward. With support near $0.993622960823082 and resistance around $1. This leaves Frax with room to run before facing selling pressures.

What is a Token?

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

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