SafeMoon (SAFEMOON) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has dropped 2.55% to $0.000000005587568683.
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 near resistance. With support around $0.00000000544366418153716 and resistance at $0.00000000561030066392761. 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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