SafeMoon (SAFEMOON) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has gained 3.68% to $0.000000006375898937.
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 tracks which means that one day won’t define its volatility rank – a trend will.
SAFEMOON’s high volatility reading is coupled 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 above resistance. With support at $0.00000000605002281100443 and resistance around $0.00000000622717266134888. This leaves SafeMoon out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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