Frax (FRAX) Rises 0.06%, Outperforms the Crypto Market Saturday

Saturday, June 11, 2022 04:39 PM | InvestorsObserver Analysts

Frax (FRAX) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Stablecoins has increased 0.06% to $0.9979820686.

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 means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. FRAX's low volatility reading is coupled 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 favorably positioned going forward. With support near $0.992346912093534 and resistance set at $1. This positions Frax with room to run before facing selling pressures.