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

Thursday, June 16, 2022 05:30 PM | InvestorsObserver Analysts

Frax (FRAX) has been relatively less volatile compared to the crypto market. So far Thursday, the Stablecoins has dropped 0.09% to $0.9995158157.

InvestorsObserver is giving Frax a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Frax!

See Full Report

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 follows 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 well positioned going forward. With support near $0.994155531041364 and resistance near $1. This positions Frax with room to run before facing selling pressures.