Anaisomari
Sunday, June 11, 2023
Ledger - Crypto Beginners Pack
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
Anaisomari
No Result
View All Result

Identifying an opportunity to time SafeMoon’s breakout

June 4, 2022
in Safemoon
0

  • SafeMoon price is recovering quickly after crashing 85%.
  • Despite the 104% upswing, SAFEMOON could rally another 30% to $0.00096.
  • A daily candlestick close below the $0.00035 support level will invalidate the bullish thesis.

SafeMoon price seems to be making a comeback after crashing for nearly five months. This downswing formed a base around a significant support level and has bounced back exponentially. For now, investors can expect SAFEMOON to continue this ascent until it tags a critical resistance barrier.

SafeMoon price makes headway

SafeMoon price set a swing high at $0.003000 on January 5 and crashed a whopping 85% to form a bottom at $0.000357. This downswing snowballed after May 5 as the LUNA ecosystem came tumbling down.

As a result, SAFEMOON sliced through the $0.000960 support level and crashed 65% to tag the new barrier at $0.000357. Although the five-month downtrend was a familiar sight to holders, the stabilization around the $0.000357 afforded them a small ray of hope. This consolidation hinted that Safemoon price was planning to recover.

Rightfully so, SafeMoon price rallied 131% from $0.000354 to $0.000820 in less than twenty days. Currently, SAFEMOON is hovering around $0.000820 and shows signs that this rally is likely to extend higher.

Investors can expect the altcoin to rally another 30% before retesting the $0.000960 hurdle. This critical barrier is where SAFEMOON will likely form a local top, allowing bulls to rest and buyers to book profits 

SAFEMOON/USDT 1-day chart

While the crypto space is expecting a relief rally, a sudden uptick in selling pressure could sidestep the bullish outlook.


In such a case, daily candlestick close below the $0.00035 support level will invalidate the bullish thesis by producing a lower low. 

 

This news is republished from another source.

Previous Post

Gnox (GNOX) is ready to battle the Crypto Goliaths Ethereum (ETH), Avalanche (AVA) and Solana (SOL)

Next Post

Cardano Price (ADA/USD) | Today’s Price

Next Post

Cardano Price (ADA/USD) | Today's Price


Name Price
bitcoin
Bitcoin (BTC)
$25,853.00
ethereum
Ethereum (ETH)
$1,750.94
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
binancecoin
BNB (BNB)
$238.14
usd-coin
USD Coin (USDC)
$1.00
ripple
XRP (XRP)
$0.51
staked-ether
Lido Staked Ether (STETH)
$1,749.99
cardano
Cardano (ADA)
$0.269395
dogecoin
Dogecoin (DOGE)
$0.061774


Crypto News

Ethereum’s Vitalik Buterin, Polygon’s Sandeep Nailwal Donate $100 Million To COVID-19 Research – NewsBTC

June 10, 2023

Meme culture in crypto with Dogecoin, Shiba Inu, and DogeMiyagi – Analytics Insight

June 10, 2023

Founders of Three Arrows, Failed Crypto Fund, Are Living Large – The New York Times

June 10, 2023

Bitcoin

Founder of SEC Office of Internet Enforcement Warns of Upcoming … – Bitcoin News

June 11, 2023

No Result
View All Result

Pages

  • Latest Crypto News
  • Live Rates
  • Privacy Policy
  • Shop
  • Terms of Service

Tether

Bitcoin and Tether Dominance Surge as Investors Seek Shelter – BeInCrypto

June 10, 2023

Solana

Ethereum Competitor Solana Witnesses 86% Increase in Monthly Active Addresses in May: Crypto Data Firm Nansen – The Daily Hodl

June 10, 2023

Solana (SOL), Moderate Volatility and Falling Saturday: Is it Time to Cash Out? – InvestorsObserver

June 10, 2023

Advertisement

  • Latest Crypto News
  • Shop
  • Privacy Policy
  • Terms of Service

© 2022 Anaisomari.com

Knife Sharpening in North Vancouver

No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop

© 2022 Anaisomari.com

Knife Sharpening in North Vancouver

  • bitcoinBitcoin(BTC)$25,853.00-2.27%
  • ethereumEthereum(ETH)$1,750.94-4.87%
  • USDEXUSDEX(USDEX)$1.080.27%
  • tetherTether(USDT)$1.000.08%
  • binancecoinBNB(BNB)$238.14-8.04%
  • usd-coinUSD Coin(USDC)$1.000.01%
  • rippleXRP(XRP)$0.51-4.98%
  • staked-etherLido Staked Ether(STETH)$1,749.99-4.84%
  • cardanoCardano(ADA)$0.269395-6.47%
  • dogecoinDogecoin(DOGE)$0.061774-11.72%
  • tronTRON(TRX)$0.069518-1.92%
  • solanaSolana(SOL)$15.64-7.96%
  • litecoinLitecoin(LTC)$76.93-13.02%
  • matic-networkPolygon(MATIC)$0.60-14.77%
  • polkadotPolkadot(DOT)$4.49-8.81%
  • binance-usdBinance USD(BUSD)$1.000.27%
  • daiDai(DAI)$1.000.17%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$25,818.00-2.44%
  • shiba-inuShiba Inu(SHIB)$0.000007-12.53%
  • avalanche-2Avalanche(AVAX)$11.70-13.22%
  • leo-tokenLEO Token(LEO)$3.49-1.17%
  • uniswapUniswap(UNI)$4.06-10.57%
  • chainlinkChainlink(LINK)$5.21-12.11%
  • okbOKB(OKB)$41.79-6.74%
  • moneroMonero(XMR)$137.34-3.58%
  • cosmosCosmos Hub(ATOM)$8.22-9.69%
  • stellarStellar(XLM)$0.082136-6.59%
  • ToncoinToncoin(TON)$1.47-13.23%
  • ethereum-classicEthereum Classic(ETC)$15.00-10.81%
  • true-usdTrueUSD(TUSD)$1.00-0.25%
  • bitcoin-cashBitcoin Cash(BCH)$102.77-6.93%
  • internet-computerInternet Computer(ICP)$3.70-11.96%
  • lido-daoLido DAO(LDO)$1.80-12.81%
  • quant-networkQuant(QNT)$103.98-1.53%
  • filecoinFilecoin(FIL)$3.50-12.20%
  • GGTKNGGTKN(GGTKN)$0.1123210.89%
  • hedera-hashgraphHedera(HBAR)$0.045030-5.21%
  • crypto-com-chainCronos(CRO)$0.054390-4.46%
  • ArbitrumArbitrum(ARB)$0.98-12.59%
  • AptosAptos(APT)$5.96-17.48%
  • vechainVeChain(VET)$0.015538-7.24%
  • nearNEAR Protocol(NEAR)$1.20-11.67%
  • paxos-standardPax Dollar(USDP)$1.00-0.04%
  • fraxFrax(FRAX)$1.000.07%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • the-graphThe Graph(GRT)$0.102169-5.06%
  • BSCEXBSCEX(BSCX)$236.46-9.00%
  • rocket-poolRocket Pool(RPL)$43.85-7.37%
  • apecoinApeCoin(APE)$2.27-17.19%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,880.76-4.83%