SafeMoon (SAFEMOON) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has lost 1% to $0.000000005012435606.
InvestorsObserver gives SafeMoon a high volatility rank of 99, placing it in the top 1% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
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 trading near resistance. With support set at $0.00000000495068432865481 and resistance set at $0.0000000050311515171228. This leaves 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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