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Is Frax (FRAX) Heading the Right Direction Wednesday?

Wednesday, February 28, 2024 12:37 PM | InvestorsObserver Analysts
Is Frax (FRAX) Heading the Right Direction Wednesday?

Frax receives an average long-term technical score of 34 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. FRAX currently holds a superior long-term technical analysis score than 34% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 34
InvestorsObserver is giving Frax a 34 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Frax!

Trading Analysis

The current trading price of $1.000000000 for FRAX is $0.0000000 (-0.22%) below the tokens 100-day moving average of $1.000000000. FRAX meanwhile is $0.1100000 (-1129.91%) above its 52-week low of $0.890000000 and -$0.24000000 (-729.88%) under its 52-week high price of $1.230000000. Frax's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 34. The price movement and range of FRAX suggest that investors are bearish on the token at this time. Frax has a total market value of $647,394,527.23 with an average average daily volume of $85,023,668.03 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, FRAX's volume is below its average with $19,148,484.75 exchanged in total. This token's subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).


Trading patterns over the last year for Frax leads to the token's an average long-term technical score of 34 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Frax (FRAX).

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