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Frax (FRAX) Receives a Neutral Rating Sunday: Is it Time to Get on Board?

Sunday, June 12, 2022 04:51 PM | InvestorsObserver Analysts
Frax (FRAX) Receives a Neutral Rating Sunday: Is it Time to Get on Board?

Frax (FRAX) gets a neutral rating from InvestorsObserver Sunday. The Stablecoins asset is up 0.18% to $0.999200583 while the broader crypto market is down 2.2%.

Sentiment Score - ,
Frax has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Frax!

Neutral

Over the last five days, Frax has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Frax over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Frax is currently trading near its midpoint for the past five-days. The Stablecoins asset is 0.59% off its five-day high and is 0.75% higher than its five-day low of $0.991808772087097.

Frax price is trading near resistance. With support set around $0.993026748043291 and resistance at $1, could face selling pressures soon.

Frax has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Frax

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