ohmypolo

FRONTUSDT.P why does it grow?

BYBIT:FRONTUSDT.P   FRONTUSDT Perpetual Contract
Price is going higher while volume is going down. It seems like people are not so enthusiastic. At the same time main coins today are in the red zone. But this FRONTUSDT.P is in the green zone and is growing during the day. I guess it is possible because of lack of sellers. That's why those few buyers agree to buy at higher prices. I hope that after short period of time they will stop buying and the coin will loose its pace. Without pace and volatility owners may start to sell the coin in order to open positions in more liquid/volatile coins. This is only my guessing and it is wrong at the moment. I can't understand this behaviour. As a regular stock trader I can't get used to cryptotrading and megavolatility.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.