- Summary:
- We discuss Frontier price after the coin's recent upsurge that has seen it rise by more than 110% in the last week.
Frontier coin price snapped its six-day winning run on Thursday. FRONT token was traded at $1.68 at the time of writing, after going down by 1.67 percent in the intraday session. The current uptrend by FRONT traces back five days ago when Frontier announced integration with Celestia, the first modular blockchain network that makes it easy for anyone to launch their own blockchain securely.
As of this writing, Frontier coin price has risen by 111% in the last seven days, underlining a strong bullish momentum that could keep it rising in the near term. However, the crypto market leader, Bitcoin has stuck within a tight range in the last four days since its return above $60,000. This is likely to ripple across the entire crypto ecosystem, potentially signifying another failed attempt at a post-halving rally.
Frontier is a chain-agnostic DeFi aggregation platform that enables users to conduct protocol tracking and management, staking, and liquidity provision. Other ways to earn include yield farming and lending. In addition, users can buy or swap their tokens, as well as use the cross-chain bridge. Following the integration with Celestia, users can now stake their $TIA tokens on Frontier and earn APR rewards. As of this writing, TIA is the 54th-largest crypto asset, with a market capitalization of just over $1.7 billion.
The Frontier wallet promises “security beyond self-custody”, with key components being security, fraud detection, and prevention mechanisms. This is one of the project’s key selling points that could see it attract more partnerships.
Technical analysis
FRONT coin price pivots at 1.697, and the momentum is currently tilted toward the sellers. If they keep the price below the pivot mark, they will likely break the support at 1.593. Furthermore, a continuation of that momentum could push the price further down to test 1.459. Conversely, breaking above the pivot will signal control by the buyers.
However, the upward momentum will likely encounter another resistance at 1.805. However, a continuation of control at that point will break the resistance, thereby invalidating the downward narrative and potentially pushing the price further up to test 1.896.
