SafeMoon (SAFEMOON) Rises 2.06%, Outperforms the Crypto Market Thursday

Thursday, August 11, 2022 03:50 PM | InvestorsObserver Analysts

SafeMoon (SAFEMOON) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has added 2.06% to $0.000000005752685928.

InvestorsObserver is giving SafeMoon a 99 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 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge tracks 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 trading near resistance. With support around $0.00000000543760251097993 and resistance at $0.00000000580922968445876. This leaves SafeMoon with potential selling pressures ahead as it may be getting over extended.