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

Friday, July 01, 2022 07:37 PM | InvestorsObserver Analysts

Frax (FRAX) has been relatively less volatile compared to the crypto market. So far Friday, the Stablecoins has gained 0.23% to $1.

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 takes into account this makes its score defined by recent trends, rather than a bad day. 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 trading near resistance. With support set at $0.995314437191195 and resistance around $1. This leaves Frax with potential selling pressures ahead as it may be getting over extended.