Frax is rated as having a 2 Price movements Index by InvestorsObserver. Get the remainder of the ranks on Frax and learn what this implies to you!
Frax (FRAX) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Stablecoins has dropped 0.17% to $0.9976929265.
With a low volatility rank of 2, Frax falls into the bottom 2 percent of all cryptocurrencies, according to InvestorsObserver.
The Volatility Gauge tracks, thus a single day won’t determine its position.
Given its low volatility and low reading on the Risk/Reward Gauge, FRAX has very small price fluctuations and is well guarded against price manipulation.
The pricing of Frax is in a good position going forward. Support lies close to $0.993622960823082, and resistance is found around $1. As a result, Frax has time to grow before being pressured to sell.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.