Frax Share Dropped -32.34% in Last Month and is Predicted to Drop to $ 6.26 By May 20, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Frax Share is up 6.37% today against the US Dollar
• FXS/BTC increased by 4.17% today
• FXS/ETH increased by 4.77% today
• Frax Share is currently trading 12.76% above our prediction on May 20, 2023
• Frax Share dropped -32.34% in the last month and is down -21.49% since 1 year ago

FXS price is expected to drop by -11.50% in the next 5 days according to our Frax Share price prediction

Frax Share price today is trading at $ 7.06 after gaining 6.37% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 6.89% in the same time period. FXS performed well against BTC today and recorded a 4.17% gain against the world’s largest cryptocurrency.

According to our Frax Share price prediction, FXS is expected to reach a price of $ 6.26 by May 20, 2023. This would represent a -11.50% price decrease for FXS in the next 5 days.

FXS Price Prediction Chart

Buy/Sell Frax Share

What has been going on with Frax Share in the last 30 days

Frax Share has been displaying a negative trend recently, as the coin lost -32.34% in the last 30-days. The medium-term trend for Frax Share has been bearish, with FXS dropping by -30.20% in the last 3 months. The long-term picture for Frax Share has been negative, as FXS is currently displaying a -21.49% 1-year price change. On this day last year, FXS was trading at $ 8.99.

Frax Share reached its all-time high price on Apr 03, 2022, when the price of FXS peaked at $ 43.21. The current FXS cycle high is $ 14.06, while the cycle low is at $ 3.92. FXS has been displaying high volatility recently – the 1-month volatility of the coin is at 14.41. Frax Share recorded 15 green days in the last 30 days.

Frax Share technical analysis for today - May 15, 2023

The sentiment in the Frax Share markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 6.53, $ 6.33 and $ 6.23, while $ 6.83, $ 6.94 and $ 7.13 are the key resistance levels.

Bearish sentiment for Frax Share

13 indicators are currently signaling a bullish prediction for Frax Share, while 14 indicators are showing a bearish forecast. With 52% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Frax Share.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Frax Share moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Frax Share is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Frax Share is at 38.75, suggesting that FXS is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Frax Share over the last 50 days. Currently, Frax Share is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the FXS closing price for the last 200 days. FXS is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Frax Share prediction

After considering the above factors, we can conclude that the current forecast for Frax Share price prediction is Bearish. FXS would have to decrease by -11.50% to hit our $ 6.26 target within the next five days. Moving forward, it will be important to monitor the FXS market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Frax Share price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.