What do the Long-Term Technicals Predict for Frax (FRAX) Friday?

Friday, March 29, 2024 09:11 AM | InvestorsObserver Analysts

Frax receives a strong long-term technical score of 71 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 71% 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'.

InvestorsObserver is giving Frax a 71 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 (-0.03%) below its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, FRAX is $0.0300000 (-1035.53%) higher than its 52-week low price of $0.970000000 while -$0.24000000 (-729.78%) under its 52-week high of $1.230000000. 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 71. Long-term trading movement of Frax suggest that investors are neutral on the token at the moment. Frax has a market capitalization of $648,181,497.94 and a relatively average average daily volume with $61,756,884.78 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, FRAX's volume is below its seven day average with 8,286,085.86 exchanged. 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 71 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).