- SafeMoon price is in a downtrend at 3.2% during the intraday trading session.
- The 24-hour trading volume is at $9,920,549.
Source: SAFEMOON/USD on TradingView
The daily technical chart of SafeMoon price displays a downtrend. According to the pivot levels, the primary support level is $0.00000170. On the other side, if it rushes up, the resistance level to follow is $0.00000300. Although the chart forms a bullish hammer candlestick pattern within the day, it is predicted that the price may remain upwards with medium reliability.
The Moving Average Exponential acts as reliable support and resistance at the price movement of the coin. EMA-21 and 51 gave a death cross on June 18. Currently, the price is moving below, and EMA’s are acting as a resistance.
The volume of (869) is close to the MA of 20-days (971). As a result, the volume is high, causing its price to sustain beneath the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session.
The MACD indicator gives (bullish) crossover above the signal line on Aug 20, indicating a buy signal in the coin. Moreover, Investors can see emerging upside bars on the Histogram index.
SafeMoon Price in a Downtren But High Volume is Intact Throughout The Day
SafeMoon’s price today is 0.00000203 USD, and the 24-hour trading volume is 9,920,549 USD. The price of SAFEMOON has fallen -3.2% in the past 24 hours. Its circulation is 580 trillion SAFEMOON coins, with a total of 1 Quadrillion. The MACD indicator shows a buy signal, and the traders have guided high volume. Technically, the price sustains around resistance and remains in a downtrend. Therefore, as with overall market sentiment, the trend remains bearish.
Resistance Level: $0.00000300
Support Level: $0.00000170