SafeMoon (SAFEMOON): How Does the Chart Look Wednesday?

Wednesday, September 14, 2022 09:40 AM | InvestorsObserver Analysts

InvestorsObserver gives SafeMoon a weak short-term technical score of 2 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. SAFEMOON has currently traded better than 2% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving SafeMoon a 2 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 currently $0.000000 (2032.08%) above its 30-day low of $0.000000005 and -$0.000002 (-93.28%) below its 30-day high of $0.00000170. Additionally, SAFEMOON is under its average price of $0.000000464 over the past month of trading with its current price of $0.000000114. Overall, the recent trading history of SafeMoon suggest that traders are currently bearish on the token. SafeMoon's market cap of $64,147,589.53 is relatively average for a token. The market valuation for SafeMoon is relatively average due to the largest 100 cryptos having a market cap above $1 billion and SAFEMOON sits underneath that mark but remains above $100 million in market capilization. Meanwhile, SAFEMOON's average volume is average with $176,125.02 worth of the token traded over an average 24 hour period. The volume for SAFEMOON is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, SAFEMOON's volume is below its usual with $25,501.90 exchanged.

Summary

SafeMoon's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on SafeMoon (SAFEMOON).