SafeMoon (SAFEMOON) Falls 0.71%, Underperforms the Crypto Market Friday

SafeMoon (SAFEMOON) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has declined 71.07% to $0.0000006873485292.

InvestorsObserver is giving SafeMoon a 52 Volatility Rank. Find out what this means to you and get the rest of the rankings on SafeMoon!

Moderately Volatile

InvestorsObserver gives SafeMoon a moderate volatility rank of 52, placing it in the top 48% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.

SAFEMOON’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

SafeMoon price is well positioned going forward. With support set at $-0.000000164920910061358 and resistance set at $0.00000170099552108162. 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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