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Should You Buy SafeMoon Inu (SMI) Friday?

Friday, October 13, 2023 06:06 PM | InvestorsObserver Analysts
Should You Buy SafeMoon Inu (SMI) Friday?

SafeMoon Inu receives an average short-term technical score of 35 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. SMI holds a better recent technical analysis than 35% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 35
InvestorsObserver is giving SafeMoon Inu a 35 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SafeMoon Inu!

Trading Analysis

SafeMoon Inu is $0.000000 (33.17%) higher than its 30-day low price of $0.000000747 while also -$0.000034 (-97.16%) lower than its high of $0.00003505 from the past month of trading. Meanwhile, SMI's current price of $0.000000995 is above its average price of $0.000000856 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of SafeMoon Inu suggest that traders are currently neutral on the token.
SafeMoon Inu's market cap of $995,386.25 is relatively low for a token. SafeMoon Inu's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, SMI's average volume is low with $5,763.32 worth of the token traded over an average 24 hour period. SMI's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, SMI's volume is below its usual with $802.97 exchanged.

Summary

SMI's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the token in the short-term. Click Here to get the full Report on SafeMoon Inu (SMI).

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