Frax (FRAX) Rises 0.22%, Outperforms the Crypto Market Friday

Friday, September 16, 2022 01:46 PM | InvestorsObserver Analysts

Frax (FRAX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Stablecoins has advanced 0.22% to $0.9968417546.

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 analyzes this makes its score defined by recent trends, rather than a bad day. FRAX's low volatility reading pairs 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 in a favorable position going forward. With support at $0.990868127263224 and resistance near $0.999323403752482. This leaves Frax with room to run before facing selling pressures.