Should You Buy SafeMoon (SAFEMOON) Friday?

Friday, December 31, 2021 04:02 PM | InvestorsObserver Analysts

SafeMoon receives a strong short-term technical ranking of 96 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. SAFEMOON has a superior recent technical analysis than 96% 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.

InvestorsObserver is giving SafeMoon a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SafeMoon!

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Trading Analysis

SAFEMOON is currently $0.000001 (193.08%) above its 30-day low of $0.000000653 and -$0.000001 (-40.71%) below its 30-day high of $0.00000323. Additionally, SAFEMOON is above its average price of $0.000001646 over the past month of trading with its current price of $0.000001913. Overall, the recent trading history of SafeMoon suggest that traders are currently bullish on the token. SAFEMOON has a relatively high market cap for a token with a total market value of $1,119,949,518.80. SafeMoon's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and SAFEMOON meets that criteria. SafeMoon's average volume meanwhile is high with $43,595,851.48 worth of the token traded over a typical 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. As of the past 24 hours, SAFEMOON's volume is below its average with $11,617,700.22 exchanged.

Summary

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