Price Analysis

Safemoon Price Poised to gear up more than 35%, Defi space lifts up with a Surge!

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Highlights

    Safe Moon Facing a bottom formation at crucial support levels, buyers Affinity looks high.

    Despite Crypto Market Crash, Safemoon has roughly dropped around 20%

    A Break down can trigger the Price below $0.00000200 in cash the price fails to flip the bearish divergence

Safemoon price is experiencing an acute drain as the prices are approaching the crucial support levels. Despite pretty greener days for the other major cryptocurrencies, like Bitcoin, Ethereum, etc, Safemoon seems to have remained away from the crowd. And hence a fresh plunge from the current levels may even drag the price to a lower level below the support zone.

The price had maintained close to $0.000000300 levels from the past seven days. Yet with the fresh building selling pressure, the price lost its momentum and slipped below $0.000002600 levels. However, a flip may not be likely soon, yet the support levels close to $0.00000200 needs to be held strong. 

Also Read: SafeMoon Army Gears Up To Uplift the Price, Yet Needs To Be Programmed!

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The price with the current downtrend could hit the support levels close to $0.000002091 if failed to have a quick bounce. The asset despite a steep fall also avoided plunging to these levels and signal a pretty strong bullish momentum. However, the fresh plunge could probably bottom the rally and compel to break the support levels.

On the contrary, the social volume for the Safemoon price is increasing day by day. And hence if the Safemoon army gears up the price could also hold above the crucial zones. The price needs to uphold and hit the initial resistance levels at $0.00000700 to discard the bearish narrative. However, the upper highs still remain out of reach but a strong bullish momentum could prevent further dip.

Also Read: Is Shiba Inu Price Becoming Extinct? Will SHIB Price Ever Kill A Zero?

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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