In this Frontier technical analysis, we will examine the current price action, trading volume, key levels and indicators for FRONT-BTC. Frontier (FRONT) is a decentralized platform that enables the creation and management of custom blockchain-based networks. These networks can be used for a variety of purposes, such as supply chain management, voting systems, and more. With its innovative approach to blockchain technology, Frontier has the potential to revolutionize the way we think about decentralized applications and use cases.
Frontier Price Overview:
As of May 07, 2024, Frontier is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for FRONT-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 346,331.00 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Frontier reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for FRONT-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Frontier is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.46% |
| 3D Change (%) | 55.88% |
| 7D Change (%) | 33.46% |
| 30D Change (%) | 15.24% |
| 90D Change (%) | 109.22% |
| YTD Change (%) | 109.01% |
Over the past three days, FRONTBTC has increased by approximately 55.88%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 33.46%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FRONTBTC maintaining an upward trend of approximately 15.24%, despite intermittent fluctuations. Examining the last 90 days, FRONTBTC has witnessed substantial rise of approximately 109.22%, reflecting strong long-term confidence. Year-to-date, FRONTBTC has steadily increased by around 109.01%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Frontier Live Chart:
You can access a live price chart for FRONT-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.58903.
- Momentum score is 0.68066.
FRONT BTC Technical Analysis
Frontier Trading Volume:
The trading volume for Frontier (FRONT) over the past 24 hours has been insignificant, with approximately 346,331.00 BTC traded against FRONT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): FRONT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Frontier is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FRONT-BTC is currently in the high zone, around 58.88842. This suggests that Frontier is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Frontier (FRONT-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Navigate Frontier’s (FRONTBTC) upward trajectory at 2.04e-05 BTC with bullish technical analysis, highlighting strong support and promising indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.