[ad_1]
SAFEMOON has been a leading gainer in the crypto charts during the past24 hours. It has also been performing well compared to the other meme coin such as dogecoin and Shiba Inu. Despite the gains, SAFEMOON still has a long way to go before making its all-time high.
SAFEMOON is trading at $0.00000174 at the time of writing after a 25.7% gain in 24 hours.
SAFEMOON Price Analysis
SAFEMOON has been making major gains in the past 24 hours, despite the lack of market support. While these gains have been significant, the coin has not registered any new monthly highs.
We could see the coin moving towards new levels if the market support continues to build up. Currently, bitcoin is showing signs of recovery, as it has moved to around $45K. Hence, because of this uptrend, SAFEMOON could continue with the current price action, and we could see the meme coin heading towards the next resistance level of $0.0000018.
On the other hand, we could see the coin moving towards lower levels if support from the broader market fails. Buyers could also decide to sell, given that trader sentiments govern the price action of most meme coins. In case of a slip, SAFEMOON will dip to the low levels of $0.00000170.
The recent gains made by the coin are because of the coin’s wallet release. The wallet has been made available on Google Play store, and it will allow users to store SAFEMOON and other cryptocurrencies. Because of the creation of this wallet, the market capitalization of SAFEMOON has shot to $1 billion, showing that more developments on the coin could fuel prices further.
Where to Buy SAFEMOON
You can buy SAFEMOON from the following exchange platforms:
eToro is a social copy trading platform that allows new traders to copy the trading strategies of expert traders. eToro supports a wide range of cryptocurrencies and trading pairs. It offers access to a demo trading account that a trader can use to train with. It also gives access to user-friendly features that make trading easy and convenient for traders.
You can also buy SAFEMOON from BitMart. This is also a leading exchange platform that offers access to user-friendly features and low trading fees. Trading on this exchange is also easy because it supports a broad spectrum of cryptocurrencies.
Looking to buy or trade Crypto now? Invest at eToro!
67% of retail investor accounts lose money when trading CFDs with this provider
Read more:
[ad_2]
Source link
