The Stablecoins has lost 0.17% to $0.9967168785. InvestorsObserver gives Frax a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.
Frax (FRAX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Stablecoins has lost 0.17% to $0.9967168785.
Low Volatility
InvestorsObserver gives Frax a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
FRAX’s low volatility reading is paired 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 well positioned going forward. With support around $0.993801314745061 and resistance set at $0.998680133733861. 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.
