Frax (FRAX): How Does the Chart Look Tuesday?

InvestorsObserver gives Frax a strong long-term technical score of 96 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. FRAX at this time has a superior long-term technical analysis score than 96% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Frax a 96 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Frax!

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Trading Analysis

Frax's price is $0.0000000 (-0.31%) below its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, FRAX is $0.0700000 (-1083.50%) higher than its 52-week low price of $0.920000000 while -$1.20000000 (-410.82%) under its 52-week high of $2.190000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives FRAX a strong long-term technical score of 96. Long-term trading movement of Frax suggest that investors are neutral on the token at the moment. Frax has a market capitalization of $1,420,053,068.93 and a relatively high average daily volume with $130,937,539.41 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, FRAX's volume is below its seven day average with 19,918,108.81 exchanged. This token's subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

Trading patterns over the last year for Frax leads to the token's a strong long-term technical score of 96 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Frax (FRAX).