SafeMoon (SAFEMOON), High Volatility and Rising Saturday: Is it Time to Cash Out?

Saturday, August 06, 2022 03:02 PM | InvestorsObserver Analysts

SafeMoon (SAFEMOON) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has added 1.54% to $0.00000000594909455.

InvestorsObserver is giving SafeMoon a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on SafeMoon!

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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 makes its score defined by recent trends, rather than a bad day. 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 near resistance. With support at $0.00000000575800187742023 and resistance at $0.00000000597393226210405. This positions SafeMoon with potential selling pressures ahead as it may be getting over extended.