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Should You Buy SafeMoon Inu (SMI) Tuesday?

Tuesday, February 27, 2024 11:43 AM | InvestorsObserver Analysts
Should You Buy SafeMoon Inu (SMI) Tuesday?

SafeMoon Inu receives a weak short-term technical ranking of 2 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. SMI has a superior recent technical analysis than 2% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 2
InvestorsObserver is giving SafeMoon Inu a 2 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 (45.21%) higher than its 30-day low price of $0.000000931 while also -$0.000017 (-92.56%) lower than its high of $0.00001817 from the past month of trading. Meanwhile, SMI's current price of $0.000001352 is under its average price of $0.000001644 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of SafeMoon Inu suggest that traders are currently bearish on the token.
SafeMoon Inu's market cap of $1,352,400.30 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 $3,785.27 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 $566.02 exchanged.


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

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