FRAX (FXS) token share price has an excellent long-term technical score of 96, indicating that its price trend over the last year has given investors cause to be neutral on the token in the long run.
Frax receives a strong long-term technical score of 96 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
FRAX currently outperforms 96 percent of cryptocurrencies in terms of long-term technical analysis. Long-term investors that use a buy-and-hold strategy will find the Long-Term Rank particularly useful in allocating their assets, and may also find additional benefit in looking for cryptocurrencies with a high short-term technical score to uncover tokens that have bottomed out.
Trading Analysis
With its current price of $1.000000000, FRAX is currently $0.0000000 (0.06 percent) over its 100-day moving average price of $1.000000000. Frax is now trading $0.0700000 (-1077.37%) higher than its 52-week low of $0.930000000 and -$1.19000000 (-410.66%) lower than its 52-week high of $2.190000000. The present price has a great long-term technical score of 96 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 $1,425,558,516.75 with a high average daily volume of $202,648,028.53 worth of money traded in a normal 24 hour period. FRAX’s volume has been below average in the last 24 hours, with a total of $39,616,941.10 moved.
This token’s subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).
Summary
FRAX has an excellent long-term technical score of 96, indicating that its price action over the last year has given investors cause to be neutral on the token in the long run.
