Is Frax (FRAX) Trending Lower or Higher Tuesday?

Tuesday, June 06, 2023 08:05 AM | InvestorsObserver Analysts

Frax receives a strong long-term technical score of 97 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, FRAX holds a superior long-term technical analysis score than 97% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Frax a 97 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Frax!

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Trading Analysis

Frax's price is $0.0000000 (0.02%) above its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, FRAX is $0.1100000 (-1129.66%) higher than its 52-week low price of $0.890000000 while -$0.03000000 (-871.20%) under its 52-week high of $1.030000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives FRAX a strong long-term technical score of 97. Long-term trading movement of Frax suggest that investors are neutral on the token at the moment. Frax has a total market value of $1,003,222,247.87 with an high average daily volume of $168,681,809.25 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 $23,082,854.35 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).

Summary

Technical analysis of Frax over the past year results in the crypto receiving a a strong long-term technical score of 97 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Frax (FRAX).