InvestorsObserver Sentiment Score has shown that FRAX crypto token market share price has earned a Bullish rating over the last five days. FRAX’s Sentiment Score is calculated based on volume and price movements of the stablecoins over the past five days.
Frax (FRAX) gets a bullish rating from InvestorsObserver Tuesday. The Stablecoins asset is up 0.2% to $0.998726846 while the broader crypto market is down 1.74%.
Bullish
Over the last five days, Frax has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Frax over the past five days by volume and price movement.
Using the Sentiment Score, you can immediately see how the crypto has performed over the past few days. Short-term investors who want to ride a rally, as well as long-term investors who want to buy the dip, can benefit from this strategy.
Price Levels
Frax is currently trading near its midpoint for the past five-days. The Stablecoins asset is 0.63% off its five-day high and is 0.74% higher than its five-day low of $0.991427183151245.
There is a favorable position between support and resistance for Frax price. In the meantime, if support is found around $0.992243055040836 and resistance is found at $1, there is some room for the price to rise before facing resistance.
Recent trading volume has been low for Frax. Therefore, today’s volume is lower than its average volume for the previous seven days.
What is a token?
Cryptocurrency tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
