SafeMoon (SAFEMOON) Up 4.72% Wednesday: What's Next?

Wednesday, July 06, 2022 08:09 AM | InvestorsObserver Analysts

SafeMoon (SAFEMOON) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has increased 4.72% to $0.000000004146198029.

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 tracks 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 trading above resistance. With support around $0.00000000386293471463635 and resistance near $0.00000000409795738263004. This leaves SafeMoon out of range and potentially in a volatile position if the rally burns out.