- A cryptocurrency wallet known for its user-friendly interface and higher level of security is SafePal.
- More than 10,000 tokens, 15 languages, 23 blockchains, and non-fungible token standards are all supported by the wallet.
- SafePal token is the native cryptocurrency of the SafePal Platform.
The SafePal is a cryptocurrency wallet that was introduced in 2018 and aids users in safeguarding and maximizing their digital assets. SafePal was the first hardware wallet that Binance invested in and supported. It offers both hardware and software wallets, all of which are paired and managed through the SafePal App.
Market Information of SafePal Token
SafePal Token’s market cap decreased by 0.95%, the market cap of SafePal is $3101.726 million. Volume decreased by 18.14% in the last 24 hours. The ratio of tokens is unequal. $12.35M worth of SafePal Tokens were traded the previous day.
It is now ranked 100th among 8,824 active cryptocurrencies in the world by market capitalization. The liquidity of cryptocurrency SafePal is 4.07%. The market supply of SafePal tokens is currently 420.833 million. There are a total of 500 million SafePal Tokens in the market.
Daily Technical Indicator of SafePal Token
The 100-day EMA indicates buying action at the $0.55535238 price level. Its 200-day EMA implies buying at the $0.51588555 price level. The 100-day SMA provides buying at a $0.53440353 market price. Its 200-day SMA shows buying action at $0.48369329.
Technical Evaluation of SafePal Token
The all-time high in SafePal was made on February 09, 2021, which was around $4.46701826. As we can see in the image, the SafePal token is situated in a range between the $0.29031113 support level and the $0.71843088 resistance level in the daily time frame.
Today SafePal Token is up by 0.70%. Therefore, the SafePal increased by $0.00506744. As we can see, the SafePal Token began to go in a sideways motion. It has been moving in the same pattern since July 2022.
Our most recent SafePal price forecast indicates that by October 30, 2023, the price will have decreased by -7.21% and will be $ 0.668578. Our technical indicators indicate that the market is currently bullish, while the Fear & Greed Index is currently reading 72 (Greed). Over the past 30 days, SafePal has experienced 5.31% price volatility and 19/30 (63%) green days.
Live Chart of SafePal Token
Conclusion
The facts may lead us to believe that SafePal Tokens are not performing well each day. Due to the sideways momentum, it might not be appropriate for short-term length. Investors ought to hold till the coin exhibits any breakout in the coming days. According to the forecast, a fall might be possible in the next few days. The SafePal Token in the 1-Month is up by 29.90%. Over the history of SafePal Token is down by 28%. Year to date it is up by 80%. The SafePal Token in the last 6 months is up by 60%. In the 7-D analysis, the SafePal Token was down by 12%.
Technical Levels
- Support level- $0.29031113 and $0.37837788
- Resistance level- $0.44476685 and $0.71843088
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.