FRAX is rated as having a 2 Volatility Rank by InvestorsObserver. Get the remainder of the ranks on FRAX and learn what this means to you!
Compared to the cryptocurrency market, Frax (FRAX) has been comparatively less volatile. The Stablecoins have increased by 0.23 percent to $1 so far on Friday.
With a low volatility rank of 2, Frax falls into the bottom 2 percent of all cryptocurrencies, according to InvestorsObserver.
The Volatility Gauge considers this, thus recent trends, rather than a bad day, define its score.
Due to its low volatility reading and low Risk/Reward Gauge reading, FRAX has generally small price movements and is effectively shielded against price manipulation.
The price of fx is moving close to resistance. Support is set at $0.995314437191195, while $1 is where resistance is found. As a result, Frax could face impending selling pressure since it might be overextended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.