SafeMoon (SAFEMOON) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has declined 1.9% to $0.000000005832682096.
Highly Volatile
InvestorsObserver gives SafeMoon a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
SAFEMOON’s high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
SafeMoon price is trading near resistance. With support at $0.00000000570246940631028 and resistance around $0.0000000058575218216618. This positions SafeMoon with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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