SafeMoon (SAFEMOON) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the crypto has dropped 0.08% to $0.000000005475560436.
Highly Volatile
InvestorsObserver gives SafeMoon a high volatility rank of 98, placing it in the top 2% of cryptos on the market.
The Volatility Gauge follows 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 in a good position going forward. With support near $0.00000000541956241711242 and resistance near $0.00000000554402197088658. 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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