Frax now has an InvestorsObserver Long-Term Technical Rank of 88.
Get the rest of the ranks on Frax and learn just what that signifies to you!
According to their analysis, InvestorsObserver gives Frax a solid long-term technical score of 88. The token’s support and resistance levels from the most recent few months to the past year, as well as its position in relation to long-term averages, are taken into account by the unique grading system. The research aids in deciding whether there is currently a good buy-and-hold investing opportunity for traders.
FRAX currently outperforms 88 percent of the cryptocurrency in circulation in terms of long-term technical analysis score. The Long-Term Rank will be most useful to buy-and-hold investors who want to allocate their assets in a way that will result in strong, sustained growth. Portfolio managers can find coins that have bottomed out by combining a strong long-term and short-term technical score.
With its current price of $1.000000000, FRAX is currently $0.0000000 (0.04 percent) over its 100-day moving average price of $1.000000000. While at $0.0700000 (-1077.39%) above its 52-week low of $0.930000000 and -$1.19000000 (-410.67%) below its 52-week high of $2.190000000, Frax is currently trading. Considering the current price in relation to its moving average, 52-week high, and low, a long-term technical score of 88 is generated. Long-term Frax trading trends indicate that market sentiment about the coin is now neutral.
With an overall market cap of $1,364,962,681.40 and a seven-day average daily volume of $32,560,256.75 in the currency, Frax is currently trading. With 15,940,851.59 exchanged in the last 24 hours, FRAX’s volume fell below its seven-day average.
Stablecoins, a subclass of this token: Stablecoins are digital currencies whose value is intended to mimic that of fiat currency (such as the U.S. Dollar or Euro).
Because of its consistency, volatility, and relationship to long-term averages, trading patterns over the past year have given Frax an excellent long-term technical score of 88, giving investors a reason to have a neutral opinion of the coin.