Should You Buy SafeMoon (SAFEMOON) Friday?

Friday, August 05, 2022 02:31 PM | InvestorsObserver Analysts

SafeMoon receives a weak long-term technical score of 16 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, SAFEMOON holds a superior long-term technical analysis score than 16% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving SafeMoon a 16 Long-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 -$0.0000001 (-95.70%) below its 100-day moving average price of $0.000000136 with its current price of $0.000000006. Meanwhile, SafeMoon is $0.0000000 (-337682911079.49%) above its 52-week low price of $0.000000003 and -$0.00000653 (-152907283.56%) below its 52-week high of $0.000006540. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 16. Trends for the long-term trading history of SafeMoon suggest that traders are currently bearish on the token. SafeMoon currently has a total market cap of $3,279,320.78 to go along with its average daily volume of $189,556.76 worth of the currency over the past seven days. SAFEMOON's volume is below its seven day average as of the past 24 hours, with 24,916.78 exchanged in that period.

Summary

Technical analysis of SafeMoon over the past year results in the crypto receiving a a weak long-term technical score of 16 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on SafeMoon (SAFEMOON).