SafeMoon (SAFEMOON) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has fallen 0.31% to $0.0000004938182586.
InvestorsObserver gives SafeMoon a high volatility rank of 98, placing it in the top 2% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.
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 favorably positioned going forward. With support set at $0.000000375763046828345 and resistance at $0.000000577369401550007. 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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This news is republished from another source.