SafeMoon (SAFEMOON) Down 0% Saturday: What's Next?

Saturday, October 01, 2022 12:23 PM | InvestorsObserver Analysts

SafeMoon (SAFEMOON) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has fallen 0.31% to $0.0000004938182586.

InvestorsObserver is giving SafeMoon a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on SafeMoon!

See Full Report

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 takes into account which means that one day won't define its volatility rank - a trend will. SAFEMOON's high volatility reading is paired 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 set at $0.000000375763046828345 and resistance at $0.000000577369401550007. This leaves SafeMoon with room to run before facing selling pressures.