No frontier for FRONT - Let's analyse all thisNo doubt that Frontier is one the the top undervalued crypto right now.. last push was very cool for all early adopters.
What is Frontier :
“Frontier is a chain-agnostic DeFi aggregation layer, which is already connected to all, and I do mean all of the major platforms and ecosystems in the DeFi space. Frontier brings essential pieces of DeFi to users across all these platforms. It has gasless transactions, yield farming, NFT acquisition and creation, staking, governance and rewards for app activity.
FRONT has partnerships with Avalanche (AVAX), THORChain (RUNE), Solana (SOL), yearn.finance (YFI), Aave, Algorand (ALGO), Elrond (EGLD), Binance Smart Chain, Cosmos (ATOM), Band Protocol (BAND), Matic or Polygon now, AllianceBlock (ALBT), Kava, Harmony (ONE), Celo, Stafi (FIS), and more. Spoiler: via Stafi, Frontier will enter into the Polkadot ecosystem, meaning it will be used by all its parachains, the whole DOT ecosystem.”
According to Armstrong, Frontier, which is sitting at around $78 million in market capitalization, can potentially print 18x gains and catch up to yearn.finance’s $1.4 billion valuation.
Analysis :
Front had already retraced on the 0.618 at 3.1405.. support was strong but the daily MA21 is very low (currently at 1.83$).
IMO the dynamic support is a little too far.. for now ! Also the weekly RSI is very high but the daily RSI had cool down a bit which is good.
Where is the support :
S1 : 3.20$
S2 : 2.60$
S3 : 1.98$
S2 : 1.68$
Where is the resistance :
R1 : 4.24$
R2 : 7.38$
R3 : 10.95$
R4 : 14.09$
R5 : 17.23$
R6 : 20.37$
