SafeMoon (SAFEMOON) Rises 2.5%, Underperforms the Crypto Market Monday

Monday, June 20, 2022 06:41 AM | InvestorsObserver Analysts

SafeMoon (SAFEMOON) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has advanced 2.5% to $0.000000003730752526.

InvestorsObserver is giving SafeMoon a 98 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 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. SAFEMOON's high volatility reading pairs 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 in a favorable position going forward. With support near $0.00000000338679562969667 and resistance set at $0.0000000038618927024907. This positions SafeMoon with room to run before facing selling pressures.