SafeMoon (SAFEMOON) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has lost 0.26% to $0.000000005253006709.
InvestorsObserver gives SafeMoon a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
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 well positioned going forward. With support at $0.00000000520800176721643 and resistance around $0.00000000529475104164696. 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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