SafeMoon (SAFEMOON) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has added 2.06% to $0.000000005752685928.
InvestorsObserver gives SafeMoon a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
SAFEMOON’s high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
SafeMoon price is trading near resistance. With support around $0.00000000543760251097993 and resistance at $0.00000000580922968445876. This leaves SafeMoon with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.