SafeMoon (SAFEMOON) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has declined 5.36% to $0.000000004879187742.
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 takes into account meaning that one day won’t make or break its rank.
SAFEMOON’s high volatility reading pairs 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 favorably positioned going forward. With support around $0.0000000043788112615756 and resistance near $0.00000000514923276594583. This leaves SafeMoon with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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