SafeMoon receives a weak long-term technical score of 4 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, SAFEMOON holds a superior long-term technical analysis score than 4% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
SafeMoon’s price is -$0.0000010 (-84.77%) below its 100-day moving average price of $0.000001151 as its price at the moment sits at $0.000000175. Additionally, SAFEMOON is $0.0000000 (-6329357617.33%) higher than its 52-week low price of $0.000000174 while -$0.00001381 (-71479625.53%) under its 52-week high of $0.000013990. The current trading price in relation to its long-term average along with its 52-week high and low, gives SAFEMOON an average long-term technical score of 4. Long-term trading movement of SafeMoon suggest that investors are bearish on the token at the moment.
SafeMoon currently has a total market cap of $102,604,550.56 to go along with its average daily volume of $457,866.56 worth of the currency over the past seven days. SAFEMOON’s volume is below its seven day average as of the past 24 hours, with 64,400.56 exchanged in that period.
Summary
Technical analysis of SafeMoon over the past year results in the crypto receiving a a weak long-term technical score of 4 as its price movement in that time has given traders reason to be bearish on the token in the long-term.
Click Here to get the full Report on SafeMoon (SAFEMOON).
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.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
This news is republished from another source. You can check the original article here
Be the first to comment