Is Frontier Going to Zero? FRONT Price Keeps Falling as New Crypto Trading Project Raises $1.75 Million
The crypto known as FRONT's price has recently experienced a sharp retracement, halting its continued uptrend of the past two weeks.
Frontier (FRONT) saw a significant 33.17% decline yesterday, which was further exacerbated by an additional nearly 20% drop today. However, a broader market uptrend has helped FRONT recover, and it's now trading at $0.4023, representing a slightly more modest 1.08% decline so far today.
As FRONT seeks to stem this downward price trajectory, consolidation at the current levels appears crucial.
In terms of technical indicators, the 20-day EMA for the FRONT price currently stands at $0.3225, well above both the 50-day EMA of $0.2404 and the 100-day EMA of $0.2050.
In most circumstances, bullish momentum is signaled when the short-term EMA crosses above the long-term EMA. However, considering the recent downward trend in prices, it's advisable for investors to exercise caution and seek additional confirmation of a possible continuation of an uptrend.
The RSI currently stands at 58.49, slightly down from yesterday's 58.86. This indicates that FRONT is in neither overbought nor oversold territory, leaving room for potential movement in either direction.
The MACD histogram is positive at 0.0180, although it has decreased from yesterday's 0.0258. While this suggests a potential slowing of bullish momentum, the overall positive value indicates that the bulls do still have some control over the FRONT price.
In terms of volume and market cap, the market cap has increased by 2.09% to $36.1 million, while the 24-hour trading volume has decreased by 24.18% to $112.3 million. This suggests a slight decrease in trading activity for FRONT, which may be a factor in the recent price fluctuations.
The FRONT price is
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