SafeMoon (SAFEMOON) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has fallen 0.59% to $0.000000004210587901.
Highly Volatile
InvestorsObserver gives SafeMoon a high volatility rank of 98, placing it in the top 2% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
SAFEMOON’s high volatility reading comes 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 favorably positioned going forward. With support near $0.00000000406887143115785 and resistance set at $0.00000000430572463487454. This positions SafeMoon with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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