Frontier Price Prediction 2021 – Will FRONT Hit $3.50 Soon?
- Bullish FRONT price prediction ranges from $1.60 to $3.63.
- The FRONT price might also reach $3.50.
- FRONT bearish market price prediction for 2021 is $0.80.
In FRONT price prediction 2021, we use statistics, price patterns, ADX, and much other information about FRONT to analyze the future movement of the cryptocurrency.
Frontier is a DeFi Aggregation layer that is Chain Agnostic. Users can use Frontier to track and manage DeFi positions, stake assets, swap or exchange assets, and explore additional DeFi applications all in one place. Frontier is also developing the Frontier chain, a Decentralized Key Management blockchain based on the Cosmos SDK.
Current Market Status of Frontier (FRONT)
According to Coingecko, the price of FRONT is $1.37 with a 24-hour trading volume of $26,475,968 at the time of writing. However, FRONT surged to 6.80% in the last 24 hours.
Moreover, FRONT has a circulating supply of 46,006,250 FRONT coins. Currently, FRONT trades in cryptocurrency exchanges such as Binance, OKEx, FTX, Huobi Global and CoinTiger.
Frontier (FRONT) Price Prediction 2021
Frontier (FRONT) holds the 515th position on CoinGecko right now. FRONT price prediction 2021 explained below with a daily time frame.
The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern.
As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.
Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.
Currently, FRONT is trading at $1.37. After this, FRONT may continue to fall or rise according to the direction of breakout. With this pattern, FRONT might reach the resistance level at $3.30 soon, if the trend breaks out at the first resistance level $1.55. If the trend reverses, then the price of FRONT may fall to $0.54.
Frontier (FRONT) Support and Resistance Level
The below chart shows the support and resistance level of Frontier (FRONT).
From the above chart, it is observed that the following are the resistance and support level of FRONT.
- Resistance Level 1 – $1.60
- Resistance Level 2 – $2.31
- Resistance Level 3 – $3.63
- Support Level 1 – $0.80
- Support Level 2 – $0.46
- Support Level 3 – $0.29
The chart depicts the bearish performance of FRONT over the previous month. However, this trend will continue to reach resistance level at $3.30 soon. On the contrary, if the trend reversed then FRONT might fall to $0.54 presenting a bearish signal.
Frontier (FRONT) Average Directional Index (ADX)
Let us now look at FRONT’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).
Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.
The above chart represents the ADX of FRONT with the range at 57.47, so it indicates a very strong trend.
Conclusion
The FRONT is one of the cryptos which is great for long-term investment. In addition, FRONT price prediction will be bearish or bullish, until the breakout direction is confirmed. But, it has a good chance of reaching $3.30 this year. However, this will only happen if many previous psychological barriers are broken.
Furthermore, with the advancements and upgrades on the FRONT ecosystem, the performance of FRONT would rise reaching $3.30 very soon. But, it might also reach $3.50 if the investors believe that FRONT is a good investment in 2021.
Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
