SafePal (SFP) Price Prediction 2022 — Will SFP Hit $3 Soon?

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SafePal (SFP) Price Prediction 2022 — Will SFP Hit $3 Soon?
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  • Bullish SafePal price prediction is $0.7802 to $2.1721.
  • SafePal (SFP) price might also reach $3 soon.
  • Bearish SafePal  price prediction for 2022 is $0.2892.

In SafePal (SFP) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about SafePal to analyze the future movement of the cryptocurrency. 

SafePal (SFP) Current Market Status

According to CoinGecko, the price of SafePal (SFP) is $0.518 with a 24-hour trading volume of    $64,388,828 at the time of writing. However, SafePal has decreased by nearly 1.16% in the last 24 hours.

Moreover, SafePal (SFP) has a circulating supply of 108,166,667 SafePal. Currently, SafePal (SFP) trades in cryptocurrency exchanges such as Binance, MEXC, BTCEX, Bitrue, and DeepCoin.

What is SafePal (SFP)?

The SafePal (SFP) token is a decentralized digital asset built on the Binance Smart Chain with a total supply of 500 million tokens. SafePal, which was founded in 2018, is a secure and robust cryptocurrency wallet that assists customers in protecting and growing their decentralized assets. It is also the first hardware wallet in which Binance has invested and is supported.

SafePal (SFP) Price Prediction 2022

SafePal (SFP) holds the 322nd position on CoinGecko right now. Thus, SafePal price prediction 2022 is explained below with a daily time frame.

SafePal /USDT Horizontal channel pattern (Source: Tradingview)

The above chart of SafePal (SFP) laid out a HorizontalChannel. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows. 

Currently, SafePal (SFP) is in the range of $0.518 If the pattern continues, the price of SafePal  might reach the resistance levels of $0.6301 and $0.7854. If the trend reverses, then the price of SafePal may fall to $0.5044.

SafePal (SFP) Support and Resistance Levels

The chart below shows the support and resistance levels of SafePal (SFP).

1669050112 155 Safepal Sfp Price Prediction 2022 — Will Sfp Hit 3
SafePal /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for SafePal (SFP). 

Resistance Level 1 $0.7802
Resistance Level 2 $1.3156
Resistance Level 3 $2.1721
Support Level 1 $0.4725
Support Level 2 $0.2892
Support and Resistance Levels

The charts show that SafePal (SFP) has performed a bullish trend over the past month. If this trend continues, SafePal might run along with the bulls overtaking its resistance level at    $2.1721.

Accordingly, if the investors turn against crypto, the price of SafePal (SFP)  might plummet to almost $0.2892, a bearish signal.

SafePal (SFP) Price Prediction 2022 — RVOL, MA, and RSI

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

1669050113 17 Safepal Sfp Price Prediction 2022 — Will Sfp Hit 3
SafePal /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of SafePal (SFP) is shown in the chart above. Notably,  SafePal (SFP) price lies above 50 MA (short-term), so it is in an uptrend. Currently, SafePal has entered a bullish state. Therefore, there is a possibility of a reversal trend of SafePal at any time.

Meanwhile, the relative strength index (RSI) of SafePal is 52.58. This means that SafePal (SFP) is neither in an oversold or overbought state. However, this means a major price reversal of SafePal may occur in the upcoming days. So, traders need to trade carefully. 

SafePal (SFP) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of SafePal (SFP). 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.

1669050113 391 Safepal Sfp Price Prediction 2022 — Will Sfp Hit 3
SafePal /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of SafePal (SFP). Currently, the ADX of SafePal lies in the range of 38.75 and thus, it indicates a very strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of SafePal (SFP). RVI measures the constant deviation of price changes over a period of time. The RVI of SafePal lies below 50, indicating low volatility. In fact, the RSI of SafePal (SFP) is at 52.58 thus confirming a potential buy signal.

Comparison of SafePal with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  SafePal (SFP).

1669050113 872 Safepal Sfp Price Prediction 2022 — Will Sfp Hit 3
BTC Vs ETH Vs SafePal  Price Comparison (Source: Tradingview)

From the above chart, it can be interpreted that ETH, BTC, and SFP are not moving in a similar trend. This indicates that when the price of BTC and ETH  increases or decreases, the price of SFP does not increase or decrease respectively.

SafePal (SFP) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  SafePal (SFP) might probably attain $5 by 2023.

SafePal (SFP) Price Prediction 2024

With several upgrades in the network, SafePal (SFP) might enter a bullish trajectory. If the coin grabs the attention of major investors, SafePal might rally to hit $8 by 2024. 

SafePal (SFP) Price Prediction 2025

If SafePal (SFP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, SafePal would rally to hit $11

SafePal (SFP) Price Prediction 2026

If SafePal (SFP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, SafePal would rally to hit $13

SafePal (SFP) Price Prediction 2027

If SafePal (SFP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, SafePal would rally to hit $15

SafePal (SFP) Price Prediction 2028

If SafePal (SFP) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, SafePal would hit $18 in 2028.

SafePal (SFP) Price Prediction 2029

If investors flock in and continue to place their bets on SafePal (SFP), it would witness major spikes. SafePal might hit $21 by 2029.

SafePal (SFP) Price Prediction 2030

With greater advancements in the SafePal ecosystem, the crypto community might continue to invest in SafePal for the next 8 years and drive significant price rallies for the token. Hence, SafePal (SFP) might hit $25 by 2030.

Conclusion

With continuous improvements in the SafePal network, we can say that 2022 is a good year for SafePal. For this reason, the bullish price prediction of SafePal (SFP) in 2022 is $2.1721 On the other hand,  the bearish price prediction of SafePal (SFP) price prediction for 2022 is $0.2892.

Furthermore, with the advancements and upgrades to the SafePal ecosystem, the performance of SafePal would help to reach above its current all-time high (ATH) of $4.19 very soon. But, it might also reach $3 if the investors believe that SafePal is a good investment in 2022.

FAQ

1. What is SafePal (SFP)?

The SafePal (SFP) token is a decentralized digital asset built on the Binance Smart Chain which was founded in 2018. It is a secure and robust cryptocurrency wallet that assists customers in protecting and growing their decentralized assets.

2. Where can you purchase SafePal (SFP)?

SafePal (SFP) has been listed on many crypto exchanges which include Binance, MEXC, BTCEX, Bitrue, and DeepCoin.

3. Will SafePal (SFP) reach a new ATH soon?

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

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

On February 09, 2021 SafePal (SFP) reached its new all-time high (ATH) of $4.19.

5. Is SafePal (SFP) a good investment in 2022?

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

6. Can SafePal (SFP) reach $3?

SafePal (SFP) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then SafePal (SFP) will hit $3 soon.

7. What will be SafePal (SFP) price by 2023?

 SafePal (SFP) price is expected to reach $5 by 2023.

8. What will be SafePal (SFP) price by 2024?

 SafePal (SFP) price is expected to reach $8 by 2024.

9. What will be SafePal (SFP) price by 2025?

 SafePal (SFP) price is expected to reach $11 by 2025.

10. What will be SafePal (SFP) price by 2026?

 SafePal (SFP) price is expected to reach $13 by 2026.

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

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