SafeMoon (SAFEMOON) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has increased 21.55% to $0.000000680598718.
InvestorsObserver gives SafeMoon a high volatility rank of 98, placing it in the top 2% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
SAFEMOON’s high volatility reading comes 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 set at $0.000000151604793016246 and resistance near $0.000000823696064541478. 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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This news is republished from another source.