In this Frontier technical analysis, we will examine the current price action, trading volume, key levels and indicators for FRONT-BTC. Sure, here are three sentences about Frontier (FRONT) cryptocurrency: Frontier (FRONT) is a decentralized cryptocurrency that utilizes a novel consensus algorithm called “Proof of Useful Work” to incentivize users to contribute value to the network. This innovative approach allows Frontier to achieve fast and secure transactions without sacrificing security or decentralization. With its unique features and strong development community, Frontier is poised to revolutionize the cryptocurrency landscape.
Frontier Price Overview:
As of October 03, 2023, Frontier is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for FRONT-BTC:
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Frontier reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for FRONT-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Frontier is trading near its daily close of 1e-05 BTC.
|1D Change (%)||-12.76%|
|3D Change (%)||-13.51%|
|7D Change (%)||-48.56%|
|30D Change (%)||91.21%|
|90D Change (%)||119.23%|
|YTD Change (%)||9.92%|
Over the past three days, FRONTBTC has dropped by approximately -13.51%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -48.56%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FRONTBTC maintaining an upward trend of approximately 91.21%, despite intermittent fluctuations. Examining the last 90 days, FRONTBTC has witnessed substantial increase of approximately 119.23%, reflecting strong long-term confidence. Year-to-date, FRONTBTC has steadily increased by around 9.92%, 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 3.0686.
- Momentum score is 0.91214.
FRONT BTC Technical Analysis
Frontier Trading Volume:
The trading volume for Frontier (FRONT) over the past 24 hours has been insignificant, with approximately 1,051,138.00 BTC traded against FRONT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 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 neutral zone, around 54.20276. This suggests that Frontier is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.