FRAX (FXS) token share price currently outperforms 81 percent of crytpos in circulation in terms of long-term technical analysis. The Long-Term Rating will be most useful to buy-and-hold investors who want to invest their assets in a way that ensures substantial, consistent growth.
According to InvestorsObserver’s study, Frax has a strong long-term technical score of 81. The proprietary scoring algorithm takes into account the token’s support and resistance levels during the last few months to a year, as well as where it stands in relation to long-term trends. Traders can use the study to see if there is a good buy-and-hold investing opportunity right now.
FRAX currently outperforms 81 percent of crytpos in circulation in terms of long-term technical analysis. The Long-Term Rank will be most useful to buy-and-hold investors who want to allocate their assets in a way that ensures substantial, consistent growth. Portfolio managers can also find coins that have bottomed out by combining a high long and short-term technical score.
With its current price of $1.000000000, FRAX is $0.0000000 (-0.13%) below its 100-day moving average price of $1.000000000. Frax is now trading $0.0700000 (-1077.57%) higher than its 52-week low of $0.930000000 and -$1.19000000 (-410.75%) lower than its 52-week high of $2.190000000. The present price has a great long-term technical score of 81 when compared to its moving average, 52-week high and low. Long-term trading trends for Frax indicate that traders are now neutral on the token.
Frax has a total market value of $1,507,946,632.98 with a high average daily volume of $132,844,224.73 in currencies exchanged in a normal 24 hour period. FRAX’s volume has been below average in the last 24 hours, with a total of $19,652,496.50 moved.
Stablecoins is a subclass of this token. Stablecoins are digital currencies whose value is based on the performance of fiat currency (such as the U.S. Dollar or Euro).
FRAX has an excellent long-term technical score of 81, indicating that its price action over the last year has given investors cause to be neutral on the token in the long run.