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Should You Buy SafeMoon Inu (SMI) Sunday?

Sunday, October 08, 2023 05:30 PM | InvestorsObserver Analysts
Should You Buy SafeMoon Inu (SMI) Sunday?

InvestorsObserver gives SafeMoon Inu a weak short-term technical score of 12 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. SMI has currently traded better than 12% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 12
InvestorsObserver is giving SafeMoon Inu a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SafeMoon Inu!

Trading Analysis

SMI is currently $0.000000 (32.77%) above its 30-day low of $0.000000747 and -$0.000034 (-97.17%) below its 30-day high of $0.00003505. Additionally, SMI is above its average price of $0.000000821 over the past month of trading with its current price of $0.000000992. Overall, the recent trading history of SafeMoon Inu suggest that traders are currently bearish on the token.
SafeMoon Inu's market cap of $992,413.05 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 $19,365.38 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 $2,725.88 exchanged.

Summary

SafeMoon Inu's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on SafeMoon Inu (SMI).

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