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Should You Buy SafeMoon (SAFEMOON) Monday?

Monday, September 19, 2022 09:56 AM | InvestorsObserver Analysts
Should You Buy SafeMoon (SAFEMOON) Monday?

SafeMoon receives a strong short-term technical ranking of 98 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 98% 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 - 98
InvestorsObserver is giving SafeMoon a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SafeMoon!

Trading Analysis

SafeMoon is $0.000001 (13252.49%) higher than its 30-day low price of $0.000000005 while also -$0.000001 (-57.48%) lower than its high of $0.00000170 from the past month of trading. Meanwhile, SAFEMOON's current price of $0.000000722 is above its average price of $0.000000520 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of SafeMoon suggest that traders are currently bullish on the token.
SAFEMOON has a relatively average market cap for a token with a total market value of $406,064,169.40. The market valuation for SafeMoon is relatively average due to the largest 100 cryptos having a market cap above $1 billion and SAFEMOON sits underneath that mark but remains above $100 million in market capilization. SafeMoon's average volume meanwhile is average with $159,664.38 worth of the token traded over a typical 24 hour period. The volume for SAFEMOON is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, SAFEMOON's volume is below its average with $24,738.85 exchanged.

Summary

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

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