SafeMoon (SAFEMOON) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has increased 4.72% to $0.000000004146198029.
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 tracks 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 trading above resistance. With support around $0.00000000386293471463635 and resistance near $0.00000000409795738263004. This leaves SafeMoon out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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