Frax (FRAX) Falls 0%, Outperforms the Crypto Market Sunday
Sunday, June 26, 2022 07:03 PM | InvestorsObserver Analysts
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.
InvestorsObserver is giving Frax a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Frax!
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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