Price Analysis

Frontier (FRONT) & GMX (GMX) Price Analysis: Is This A Good Time To Invest In These Assets?

Author: Qadir AK

Qadir AK right arrow

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

  • author facebook
  • author twitter
  • linkedin

Frontier (FRONT) Price Analysis

The current Frontier sentiment seems to be bearish. According to the analysis, Frontier saw 40% of lucrative days in the previous month, and the token will increase by 15% in the following week. The FRONT price prediction indicates that it is not wise to buy FRONT now.

  • Early in August, the FRONT token fell by 91%, but it quickly recovered to hit its all-time high of $0.300.
  • The Frontier token was trading at $0.233 until the bears drove the price down, and it remained there for three days.
  • The FRONT prices started moving up the parallel channel and increased. The negative dominance caused them to fall below the average level of $0.231. 
  • The bulls attempted a rally once more, and although prices rose by 27%, they could not hold that level. As a result, the token fell to the parallel channel’s lower trend line.
  • The FRONT price recovered and rose above the average level of $0.231 and consolidated there for a week. 
  • The bulls immediately intervened after the bears pushed prices below this level. As a result, the Frontier token broke the upper trend line, hitting a high of $0.29. 
  • Prices once more fell to the average level before the bulls drove them higher. The FRONT token is now stabilizing around $0.233 and does not show any impending movement.

Reaching the high at $0.240 and maintaining the rise could result in bullish price action for the FRONT. If not, the price could surpass the immediate support level of $0.219. This will result in bearish price action.

GMX (GMX) Price Analysis

The last month saw a 9% price increase for GMX and 47% of productive days. Within one week, the price of GMX could increase by 3%. Analysis indicates that now is an excellent time to buy GMX because of the neutral sentiment of the asset at present. 

  • The value of the GMX token dropped at the end of September due to a significant SELL volume.
  • The bulls attempted a rally, and prices surged by 66%, surpassing the range 1 ($55.7) and reaching their highs at $61.8.
  • Unable to sustain the level for a long time, the prices dropped massively to the current price of $44.12.
  • The GMX token is consolidating at this level and does not indicate any movement.
  • The last few days saw a significant volume decline on GMX, which hindered price hikes. As a result, the GMX token may find it challenging to maintain its current position.
  • As a result, prices will drop below $38.13 and continue to plummet, turning the market bearish.

Show More

Was this writing helpful?

No Yes

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Back to top button