SafeMoon (SAFEMOON) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has increased 5.75% to $0.000000004555895613.
Highly Volatile
InvestorsObserver gives SafeMoon a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge takes into account this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
SAFEMOON’s high volatility reading is coupled 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 above resistance. With support near $0.00000000424304927002034 and resistance at $0.00000000442657624141824. This positions SafeMoon out of range and potentially in a volatile position if the rally burns out.
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.
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