Frax (FRAX), Low Volatility but Falling Monday: Is it Time to Cash Out?

Monday, June 06, 2022 03:34 PM | InvestorsObserver Analysts

Frax (FRAX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Stablecoins has lost 0.17% to $0.9967168785.

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

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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 which means that one day won't define its volatility rank - a trend will. FRAX's low volatility reading is paired 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 around $0.993801314745061 and resistance set at $0.998680133733861. This leaves Frax with room to run before facing selling pressures.