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SafeMoon Price Prediction — Will SFM Hit $0.001 Soon?

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Safemoon Price Prediction — Will Sfm Hit $0.001 Soon?
  • Bullish SFM price prediction is $0.00049 to $0.00092.
  • The SFM price will also reach $0.001 soon.
  • SFM bearish market price prediction for 2022 is $0.00041.

In SafeMoon’s (SFM) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about SFM to analyze the future movement of the cryptocurrency. 

SafeMoon Current Market Status

According to CoinGecko, the price of SFM is $0.0003899 with a 24-hour trading volume of $716,674 at the time of writing. However, SFM has decreased nearly 7.6% in the last 24 hours.

Moreover, SFM has a circulating supply of 562,296,226,943 SFM. Currently, SFM trades in cryptocurrency exchanges such as MEXC, DigiFinex, Bitrue, Gate.io, and XT.COM.

What is SafeMoon (SFM)?

SafeMoon performs the following four functions during each deal: Reflection, LP Acquisition, Token Burn, and Growth Fund. Second, SafeMoon focuses on the extension and channeling of its technology to accelerate new technologies for good and a Venture Philanthropy model to spread those breakthroughs to all corners of the globe. Token holders will be rewarded with supplemental SAFEMOON if they have more tokens, thanks to the SafeMoon Protocol.

SafeMoon (SFM) Price Prediction 2022

SafeMoon holds the 143rd position on CoinGecko right now. SFM price prediction 2022 is explained below with a daily time frame.

SFM/USDT Descending Triangle Pattern (Source: Tradingview)

The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

Currently, SFM is in the range of $0.000398. If the pattern continues, the price of SFM might reach the resistance level of $0.00092. If the trend reverses, then the price of SFM may fall to $0.00041.

SafeMoon (SFM) Support and Resistance Level

The below chart shows the support and resistance level of SFM.

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SFM/USDT Support and Resistance Level (Source: Tradingview)

From the above daily time frame, it is clear the following are the resistance and support levels of SFM.

  • Resistance Level 1 – $0.0005210
  • Resistance Level 2 – $0.0006055
  • Resistance Level 3 – $0.0007257
  • Resistance Level 4 – $0.0008381
  • Support Level – $0.0004129

The charts show that SFM has performed a bullish trend over the past month. If this trend continues, SFM might run along with the bulls overtaking its resistance level at $0.0008381.

Accordingly, if the investors turn against crypto, the price of the SFM might plummet to almost $0.0004129, a bearish signal.

SafeMoon Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of SFM is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of SFM lies below the cutoff line, indicating weaker participants in the current trend.

More so, the SFM’s Moving Average (MA) is shown in the chart above. Currently, SFM is in a bearish state. Notably, the SFM price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of SFM at any time.

Meanwhile, the relative strength index (RSI) of the SFM is at level 42.46. This means that SFM is in a nearly oversold state. However, this means a major price reversal of SFM may occur in the upcoming days. So, traders need to trade carefully. 

SafeMoon Price Prediction 2022 — ADX, RVI

Let us now look at SafeMoon’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

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SFM/USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of SafeMoon. Currently, SFM lies in the range of 17.32, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of SFM. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of SFM lies below the 50 levels, indicating that the direction of volatility is low. In fact, SFM’s RSI is at 42.46 level thus confirming a potential sell signal.

Comparison of SFM with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and SafeMoon.

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BTC Vs ETH Vs SFM Price Comparison (Source: Tradingview)

From the above chart, we can identify the trend of the ETH, BTC, and SFM is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and SFM also increases or decreases respectively.

SafeMoon (SFM) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  SafeMoon (SFM) might probably attain $0.0025 by 2023.

SafeMoon (SFM) Price Prediction 2024

With several upgrades in the network, SafeMoon (SFM) might enter a bullish trajectory. If the coin grabs the attention of major investors, SafeMoon might rally to hit $0.0038 by 2024. 

SafeMoon (SFM) Price Prediction 2025

If SafeMoon (SFM) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, SafeMoon would rally to hit $0.0042.  

SafeMoon (SFM) Price Prediction 2026

If SafeMoon (SFM) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, SafeMoon would rally to hit $0.005. 

SafeMoon (SFM) Price Prediction 2027

If SafeMoon (SFM) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, SafeMoon would rally to hit $0.0063. 

SafeMoon (SFM) Price Prediction 2028

If SafeMoon (SFM) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, SafeMoon would hit $0.0075.

SafeMoon (SFM) Price Prediction 2029

If investors flock in and continue to place their bets on SafeMoon (SFM), it would witness major spikes. SafeMoon might hit $0.0088 by 2029.

SafeMoon (SFM) Price Prediction 2030

With greater advancements in the SafeMoon ecosystem, the crypto community might continue to invest in SafeMoon (SFM) for the next 8 years and drive significant price rallies for the token. Hence, SafeMoon (SFM) might hit $0.01 by 2030.

Conclusion

With continuous improvements in the SafeMoon network, we can say that 2022 is a good year for SFM. For this reason, the bullish price prediction of SafeMoon in 2022 is $0.0009297. On the other hand,  the bearish SFM price prediction for 2022 is $0.00041.

Furthermore, with the advancements and upgrades on the SFM ecosystem, the performance of SFM would help to reach above its current all-time high (ATH) $0.0033 very soon. But, it might also reach $0.001 if the investors believe that SFM is a good investment in 2022.

FAQ

1. What is SafeMoon?

SafeMoon is a DeFi token of the Binance Smart Chain which runs parallel to the original Binance Chain.

2. Where can you purchase SFM?

SFM has listed on many crypto exchanges which include MEXC, DigiFinex, Bitrue, Gate.io, and XT.COM.

3. Will SFM reach a new ATH soon?

With the ongoing developments and upgrades within the SFM platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of SafeMoon?

On Jan 05, 2022, SFM reached its new all-time high (ATH) of  $0.00338272.

5. Is SFM a good investment in 2022?

SafeMoon (SFM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of SFM in the past few months, SFM is considered a good investment in 2022.

6. Can SafeMoon (SFM) reach $0.001?

SafeMoon (SFM) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then SafeMoon (SFM) will hit $0.001 soon.

7. What will be the SFM price by 2023?

SafeMoon (SFM) price is expected to reach $0.0025 by 2023.

8. What will be the SFM price by 2024?

SafeMoon (SFM) price is expected to reach $0.0038 by 2024.

9. What will be the SFM price by 2025?

SafeMoon (SFM) price is expected to reach $0.0042 by 2025.

10. What will be the SFM price by 2026?

SafeMoon (SFM) price is expected to reach $0.005 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Ethereum Indicators Suggest ETH at Potentially Significant Turning Point

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Ethereum

Ethereum is slowly moving lower below $1,900 against the US Dollar. ETH must stay above $1,850 to avoid more losses in the near term.

  • Ethereum started a downside correction below the $1,920 level.
  • The price is now trading below $1,920 and the 100 hourly simple moving average.
  • There is a key declining channel forming with resistance near $1,900 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to decline if it stays below $1,900 and $1,950.

Ethereum Price Faces Resistance

Ethereum started a downside correction from well above the $2,000 resistance zone. ETH slowly moved lower below the $1,950 and $1,920 levels.

There was a clear move below the $1,900 level and the 100 hourly simple moving average. Ether price traded as low as $1,854 and remained stable above the $1,850 support zone. It is now consolidating losses above the $1,860 level.

An immediate resistance on the upside is near the $1,900 level and the 100 hourly simple moving average. It is near the 23.6% Fib retracement level of the recent drop from the $2,030 swing high to $1,854 low. There is also a key declining channel forming with resistance near $1,900 on the hourly chart of ETH/USD.

The first major resistance is near the $1,920 and $1,925 levels. The key breakout zone is forming near the $1,950 level or the 50% Fib retracement level of the recent drop from the $2,030 swing high to $1,854 low.

Source: ETHUSD on TradingView.com

A clear move above the $1,950 resistance could start a steady increase to $2,000. If there are more upsides, the price may perhaps gain bullish momentum and test the $2,080 resistance zone in the near term.

More Losses in ETH?

If ethereum fails to rise above the $1,925 resistance, it could continue to move down. An initial support on the downside is near the $1,860 zone.

The next major support is near $1,850, below which there is a risk of a sharp decline. In the stated case, ether price may perhaps decline towards the $1,810 level. If the bears remain in action, the price could even drop towards the $1,750 level.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now losing momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 level.

Major Support Level – $1,850

Major Resistance Level – $1,925

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XRP Price Could Rise If It Clears This Price Barrier

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Xrp Price

XRP Price has witnessed consolidation between the $0.30 and $0.37 mark for a considerable number of trading sessions. Over the last 24 hours, the altcoin has managed to hover around the same price mark without losing its market value. In the past week, XRP price has lost 2% of its value.

Lateral trading had caused buying strength of the coin to be be affected. For the bulls to take charge, it is important for XRP to break past its sideways trading. XRP had formed higher highs and higher lows at the end of July. The bulls don’t seem to be able to push past the $0.37 mark.

This could be pointed towards the lack of demand for XRP. The $0.37 mark has been a propelling point for the altcoin’s price, however, the bulls could not hold on to the momentum even then. With Bitcoin receding on its chart, many altcoins have also followed the same sentiment on their respective charts. Demand and broader market strength remain crucial for XRP.

XRP Price Analysis: Four Hour Chart

XRP was priced at $0.37 on the four hour chart | Source: XRPUSD on TradingView

The altcoin at the time of writing was trading for $0.37. XRP had witnessed sharp resistance at the $0.39 price ceiling. Incase XRP price manages to topple over the $0.39 level, there could be a possibility for a rally. Additional resistance mark for the coin was at $0.40.

The local support for XRP rested at $0.34. A fall below the $0.34 level will cause XRP to trade at $0.31. Amount of XRP traded over the last session had increased as the sellers were dominating the price action.

Technical Analysis

Xrp Price
XRP registered fall in buying strength on the four hour chart | Source: XRPUSD on TradingView

A continued sideways trading with XRP price oscillating between $0.30 and $0.37 has pushed buyers out of the market slowly. The technical indicator for the coin displayed that.

The Relative Strength Index was below the zero-line because sellers were more compared to buyers in the market. It was a sign of bearishness.

XRP price was pictured below the 20-SMA line which again is a sign of the bears resurfacing as the sellers were driving the price momentum in the market.

Xrp Price
XRP displayed sell signal on the four hour chart | Source: XRPUSD on TradingView

The fall in buying strength gave rise to sell signal for the altcoin at the time of writing. The indication of the sell signal meant that the bearishness was still prevailing. The Moving Average Convergence Divergence tells the price momentum with possibility of reversals.

MACD witnessed bearish crossover and formed the red histograms which are related to the sell signal. Bollinger Bands indicate the price volatility, thereby, pointing towards chance of price fluctuation. The bands became broader which meant that XRP price could witness upcoming price volatility.

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Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $24.5K

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Bitcoin

Bitcoin is struggling below $24,500 against the US Dollar. BTC could continue to move down below the $23,650 and $23,500 support levels.

  • Bitcoin is slowly moving lower and trading well below the $25,000 level.
  • The price is now trading below the $24,200 level and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $24,020 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could extend losses below the $23,650 and $23,500 support levels in the near term.

Bitcoin Price Turns Red

Bitcoin price started a slow and steady decline from the $25,000 resistance zone. BTC declined below the $24,650 and $24,500 levels to move into a short-term bearish zone.

There was a break below the $24,000 level and the 100 hourly simple moving average. The price traded as low as $23,673 and is currently consolidating losses. On the upside, an immediate resistance is near the $24,000 level. It is near the 23.6% Fib retracement level of the recent drop from the $25,200 swing high to $23,673 low.

There is also a key bearish trend line forming with resistance near $24,020 on the hourly chart of the BTC/USD pair. The first major resistance on the upside sits near the $24,250 level and the 100 hourly simple moving average.

The next key resistance is near the $24,450 zone. It is near the 50% Fib retracement level of the recent drop from the $25,200 swing high to $23,673 low. A close above the $24,450 and $24,500 resistance levels might start another increase.

Source: BTCUSD on TradingView.com

In the stated case, the price may perhaps climb towards the $25,000 resistance. Any more gains might send the price towards the $25,800 level.

More Losses in BTC?

If bitcoin fails to clear the $24,450 resistance zone, it could continue to move down. An immediate support on the downside is near the $23,675 level.

The next major support now sits near the $23,450 level. A downside break and close below the $23,450 level might put a lot of pressure on the bulls. In the stated case, the price might decline towards the $22,750 level.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $23,650, followed by $23,500.

Major Resistance Levels – $24,020, $24,450 and $24,500.

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Bitcoin Poised For Recovery, Relief Summer still In Play?

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Bitcoin Poised For Recovery, Relief Summer Still In Play?

Bitcoin has been able to make a resurgence in recent weeks. The 25,000 USD barrier was recaptured by Bitcoin prices just two days ago, marking the first time since June 13th.

Bitcoin Poised For New Rally

In June, Bitcoin had its largest monthly decline since 2011, falling over 37.3% to a final value of $19,925. Since then, it has partially recovered its value and today saw its first test of $25,000.

Bitcoin continues to rule the charts despite being down 46.5% from its previous high, but its dominance has decreased to slightly under 40% as opposed to more than 50% a few months ago.

BTC/USD trades slightly below $24k. Source: TradingView

However, Bitcoin has been relatively peacefully fluctuating horizontally over the past two weeks between $22,500 and $24,500. At the same time, recent weeks have seen a significant recovery in both commodities prices and stock markets. As a result, the overall financial markets are experiencing the anticipated summer rally.

Since attitude had reached a severe panic state in the middle of June as a result of the financial markets’ steep, month-long decline, perception among participants has greatly improved during the course of the most recent rebound. This in and of itself is a well-known bear market pattern. However, it won’t be known whether and how the bears will return until around mid-September.

Over the previous four weeks, the Crypto Fear & Greed Index has made remarkable progress. The sentiment is still largely scared, though. Fear still permeates the cryptocurrency industry seven months after the devastating sell-off.

1660703779 954 Bitcoin Poised For Recovery Relief Summer Still In Play

Crypto Fear & Greed Index, as of August 11th, 2022. Source: Lookintobitcoin

The feeling of being defeated permeates the wider picture as well. There are several excellent contrarian opportunities in this setting.

Overall, there is still a contrarian buy signal due to the scared mindset.

Sharp declines in the financial markets would be extremely detrimental to retain the current administration in office given the midterm elections on November 8th in the US. As a result, only a slight decline in the financial markets in September would be more likely. The markets could then rise from those lows until the American election.

Since November 2021, the equity and cryptocurrency markets have been under intense pressure for months, but a broad rebound has now been going on for little over four weeks. The Nasdaq Composite, which is heavily weighted toward technology, has increased by over 20% from its low on June 16th as a result of this procedure, adding over $420 billion to its market value. This would imply that the bear market is officially over.

Related Reading: Bitcoin Price Trades A Little Over $24,000, Can It Target $27,000?

Featured image from Getty Images, chart from TradingView, and Lookintobitcoin
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Ethereum Price Rejected At The $2,000 Level, Will It Retrace To $1,700 Soon?

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Ethereum Price

Ethereum price has retraced over the past few days, in the last 24 hours the coin depreciated 2%. The current price action pointed towards consolidation. In the past trading sessions, ETH has retraced beneath the $1,900 price mark.

Continued consolidation for Ethereum has now pushed Ethereum price close to $1,800. In case the king altcoin is unable to break past the $1,800 level, it would be targeting the next support level for the coin.

Technical outlook had turned bearish as the coin was mainly consolidating causing a loss of value. Buying strength witnessed a fall on its chart which made ETH turn bearish at press time. If Ethereum needs to cross above the $1,900 price level, the buying strength needs to recover considerably on its chart.

The global cryptocurrency market cap today is $1.18 Trillion, with a 1.6% negative change in the last 24 hours. Market movers were also dipping on their respective charts, this had an effect on the coin’s overall price movement.

Ethereum Price Analysis: Four Hour Chart

Ethereum was priced at $1,880 on the four hour chart | Source: ETHUSD on TradingView

ETH was trading at $1,880 at the time of writing. The coin had witnessed rejection at the $2,000 price mark multiple times. At the moment Ethereum price witnessed a correction after it attempted to trade near the $2,000 price level.

Overhead resistance for the coin was at $1,900 and a jump beyond the mentioned price level will push ETH to touch the $2,000 mark.

Local support for the coin was at $1,700 but consistent lateral movement might end up pushing Ethereum price to $1,500.

Amount of Ethereum traded depicted an increase in selling pressure indicating that sellers were starting to drive control in the market.

Technical Analysis

Ethereum Price
Ethereum depicted low buying strength on the four hour chart | Source: ETHUSD on TradingView

The altcoin’s lateral trading had taken a toll on its buying strength. The indicator on the four hour chart reflected the same. The Relative Strength Index was under the half-line which indicated that buyers are lesser than sellers in the market.

This fall in buying strength could cause Ethereum price to revisit $1,745 where the altcoin might again witness demand. Ethereum price was above 20-SMA line and pointed towards buyers driving the price momentum in the market.

Ethereum Price
Ethereum pictured sell signal on the four hour chart | Source: ETHUSD on TradingView

ETH’s price movement has also indicated that the coin registered sell signal on its chart pointing towards bearishness.

The Moving Average Convergence Divergence underwent a bearish crossover and formed red histograms under the zero-line.

These formations are related to sell signal for Ethereum. Parabolic SAR which depicts the price direction of the coin was also negative.

The dotted lines of the indicator above the candlesticks indicated that the price direction of Ethereum was heading south proving that the bears were stronger than the bulls on the four hour chart.

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Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend?

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Polygon

Polygon (MATIC) seems to have its vigor back with it potentially breaching $1 in the coming days.

  • Polygon price is seen to generate massive gains at 108%
  • MATIC price shoots close to a critical level that bulls are eyeing to test
  • Set your eye on this critical level to catch the uptrend

MATIC price is moving extremely bullish and could squeeze pushing the price above $1 setting the stage for a huge uptrend that could potentially double the coin’s price to $2.

With that being said, MATIC is set to make as much as 100% of gains in the next couple of months.

The token’s price open this week close to a key level as Sunday’s price rally allows the coin to hover close to the $1 range which is pivotal in the next trading sessions.

MATIC To Breach The $1 Mark?

The $1.1 mark is crucial once the bulls start to trade in that level or breach the 200-day SMA. Once that is broken, this will indicate the end of crypto winter and that the bulls can rally further toggling on a longer-term upswing.

For that to happen, MATIC price will have to breach above the 200-day SMA and swerve past a rejection spotted at a monthly resistance level of $1.14.

If the bulls manage to steer clear of that and end the week at a range above the key resistance of $1.14, then that would be the day.

They can can avoid and close the week above $1.14, then this signals a looming uptrend that is considered as a huge bearish event, especially with the Fed rate decision still a month away.

If they manage to play by the book then that would mean 108% in total gains.

Polygon Bears Pushing Back Price To $0.44

According to CoinMarketCap, MATIC is down by 1.40% or currently trading at $0.9525 as of this writing. And it seems now the bears are regaining traction.

With the elements in order, a rejection may be nearby and hint a next crypto winter cycle. The rejection is seen to be at $0.80 below the 55-day SMA.

Should bears regain power, MATIC price is at risk of losses at 55% and the price pushed back to $0.44.

MATIC was able to peak at $2.9 in December 2021. But, when the crypto winter starts rolling, MATIC was among the first ones to crash hard and has even lost as much as 88% or a plunge to $0.34.

When the crypto market kickstarts its recovery phase, MATIC soars by a whopping 200% in a matter of two months reaching $1.

The next critical price to target is now $2 which can happen if MATIC manages to jump over the resistance set at $1.35 and $1.8.

MATIC total market cap at $7.4 billion on the daily chart | Source: TradingView.com

Featured image from CoinCu News, chart from TradingView.com
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