Is SafeMoon (SAFEMOON) Trending Lower or Higher Friday?

Friday, October 14, 2022 04:38 PM | InvestorsObserver Analysts

SafeMoon receives a weak short-term technical score of 4 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. SAFEMOON holds a better recent technical analysis than 4% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving SafeMoon a 4 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SafeMoon!

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Trading Analysis

SafeMoon is $0.000000 (4.53%) above its 30-day low of $0.000000005 while -$0.000002 (-99.65%) below its 30-day high of $0.00000155. In addition, SAFEMOON's current price of $0.000000005 is under its 30-day moving average price of $0.000000412, leading to a weak short-term technical score. Overall the recent trading history of SafeMoon suggest that investors are bearish on the token at the moment. SAFEMOON has a relatively low market cap for a token with a total market value of $3,076,056.88. SafeMoon's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. SafeMoon's average volume meanwhile is low with $2,661.48 worth of the token traded over a typical 24 hour period. SAFEMOON's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, SAFEMOON's volume is below its average with $346.35 exchanged.

Summary

SAFEMOON's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on SafeMoon (SAFEMOON).