FRONTIER PRICE ANALYSIS & PREDICTION (May 9) – Front Signals Bull Run Following 120% Weekly Surge, Now Undergoing Slight Retracement

2024-5-10 23:45

While most altcoins are still struggling to come back from their recent lows, Front regained strength last week and has been on a buying spree ever since. Despite witnessing slight retracement, it still holds 8% gain.

Starting the year on a positive note, Front rallied by almost 10x to reach $3.08 in mid-March but it quickly lost steam due to the sudden correction that hit the crypto space. That led to a bearish close in the first quarter of the year. 

It witnessed more breakdowns in April and dumped heavily to a low of $0.57, losing more than 80% of its value in a month. Although it halted selling and gathered liquidity for days before showing signs of strength last week. 

Meanwhile, that bearish correction provided the bulls with a huge discount for long-term accumulation. They took advantage of it and pushed the price consistently to $1.88 yesterday, revealing strength in the market. The price retraced and now floats above $1.5. 

However, the crypto has formed a bullish pattern on the weekly chart, indicating a strong signal for a buy. With the latest surge in volatility, Front could flip $3 next week if the demand level continues to rise.

Technically, the short-term bearish party appears over. The only condition for bearish lies in a crash below the mentioned April’s low. Right now, the bulls are back in control. 

Front’s Key Level to Watch Source: Tradingview

The price is currently down but the bulls are eyeing the $2 level. If they claim it, their next area of interest would be $2.5 and the crucial $3.08 resistance level. Overcoming it should set the price for a stronger price movement. 

Aside from the close $1.35 support, $1 and $0.75 are the next key levels to watch for potential drops. If the price dips below it, Front could revisit last month’s low.

Key Resistance Levels: $1.88, $2, $2.5

Key Support Levels:  $1.35, $1, $0.75

Spot Price: $1.55 Trend: Bullish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: musgraphicalabri/123RF // Image Effects by Colorcinch

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Frontier (FRONT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.4374
Капитализация $0 Rank 99999
Доступно / Всего 0 FRONT

front still retracement slight week regained recent

Источник: nulltx.com

front still → Результатов: 50


Фото:

Shiba Inu-inspired crypto coins see price spike following Musk’s latest tweet

Crypto villain Elon Musk tweeted a picture of his Shiba Inu puppy in the front trunk of a Tesla, accompanied with the caption “Floki Frunkpuppy.” Although many assumed Musk’s crypto influences had waned since his Bitcoin outbursts in May, today’s tweet shows he still commands a great deal of clout when it comes to digital […] The post Shiba Inu-inspired crypto coins see price spike following Musk’s latest tweet appeared first on CryptoSlate.

2021-10-6 04:00


COVID-19 Has Uncovered The Need for Verification by Blockchain In A Social Distancing World

Blockchain technology has proven to be a game-changer, even though cryptocurrencies which brought it into the mainstream is still struggling on the regulatory front. While cryptocurrencies were believed to liberate the society from a centralized financial system, blockchain has found various use cases well beyond the financial ecosystem.

2020-5-26 23:02


Giants Like KFC Are Looking to Improve Advertising Transparency With Blockchain Technology

While cryptocurrencies still continue to fight their battle for adoption, blockchain technology seems to be performing a lot better on that front. More and more major companies are either accepting it or at least conducting tests in order to assess its benefits and potential impact of implementing it into their business strategy.

2020-5-7 12:00


дальше еще 1 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Ecosystem Tokens See Significant Withdrawals Amid Price Surge

In a notable market move, fresh multisignature wallets have withdrawn a total of 43.19 million $ENA tokens, valued at $35.68 million, from exchanges Gateio and Bybit over the past week. This activity coincides with a 28% price surge in $ENA over the last seven days, resulting in these wallets accumulating […]