Our SafeMoon price prediction isn’t looking very bullish as the price has broken the key support of $0.00086. All the cryptocurrencies have been facing intense sell pressure since the start of 2022. However, while most of the digital assets are still holding on to major supports, SafeMoon crypto is still not recovering. The persisting downtrend in SafeMoon price might be an indication that the interest in memecoins has significantly decreased. In 2021, the SafeMoon coin was one of the most hyped crypto.
Although the project started as a memecoin, the team always marketed it as something more. It became evident in the later months when the team launched SafaeMoon Swap and Wallet. Products like A hardware wallet and an exchange are also part of the project’s roadmap. This shows the team’s long-term vision for a project that boasts a very strong community across the world. Therefore, any SafeMoon price prediction pretty much depends on the community’s confidence in the project.
As per the latest, SafeMoon news, the waitlist for SafeMoon Card is now open. This card would allow users to spend their crypto without converting it to fiat. Users can now subscribe to the waitlist for the Launch Edition of the SafeMoon crypto card.
Technical analysis of the SafeMoon coin gives us a very bearish outlook. The cryptocurrency seems to be in a constant downtrend and there are still no signs of any reversal. Since the launch of V2, there appeared to be nice support around the $0.00086 region. However, SFM price has finally broken that support and is now in search of new lows.
This breakdown has further intensified the downtrend as the SafeMoon price might be searching for new lows. If SFM doesn’t reclaim $0.00086 support within the next few days then things might turn very ugly. This could potentially put the cryptocurrency in a very long bear trend. Any bullish SafeMoon price prediction would be off the table until it makes a higher high than $0.00133. This could be a good bullish reversal signal.
This post was last modified on %s = human-readable time difference 23:19