SafeMoon (SAFEMOON) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has increased 5.75% to $0.000000004555895613.
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.
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