FRAX token share has shown a relatively narrow price swings and is well protected from price manipulation.
Frax (FRAX) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Stablecoins has added 0.18% to $0.9979589538.
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 which means that one day won’t define its volatility rank – a trend will.
FRAX’s low volatility reading comes 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 good position going forward. With support around $0.992799827488731 and resistance around $1. This leaves Frax with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.