SafeMoon (SAFEMOON) Up 21.55% Thursday: What's Next?

Thursday, October 06, 2022 01:44 PM | InvestorsObserver Analysts

SafeMoon (SAFEMOON) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has increased 21.55% to $0.000000680598718.

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 follows this makes its score defined by recent trends, rather than a bad day. SAFEMOON's high volatility reading comes 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 set at $0.000000151604793016246 and resistance near $0.000000823696064541478. This positions SafeMoon with potential selling pressures ahead as it may be getting over extended.