SafeMoon Price Prediction 2022 — Will SFM Hit $0.002 Soon?
- Bullish SFM price prediction is $0.0004449 to $0.0010390.
- The SFM price will also reach $0.002 soon.
- SFM bearish market price prediction for 2022 is $0.0003606.
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 $0.00037644 with a 24-hour trading volume of $949,442 at the time of writing. However, SFM has decreased nearly 6.8% in the last 24 hours.
Moreover, SFM has a circulating supply of 561,951,145,092 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 166th position on CoinGecko right now. SFM price prediction 2022 is explained below with a daily time frame.
The falling wedge is a bullish price pattern that represents a story about the market in which bulls are preparing for another push. A falling wedge pattern is bullish, although it appears after a bearish trend. The falling wedge pattern works as both a trend work as a trend reversal and a trend continuation pattern. If the falling wedge appears in a downtrend, it is considered a reversal pattern.
A falling wedge is an essential technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place.
Currently, SFM is in the range of $0.00037644. If the pattern continues, the price of SFM might reach the resistance level of $0.0004440, $0.0006443. If the trend reverses, then the price of SFM may fall to $0.0003642.
SafeMoon (SFM) Support and Resistance Level
The below chart shows the support and resistance level of SFM.
From the above daily time frame, it is clear the following are the resistance and support levels of SFM.
| Resistance Level 1 | $0.0004449 |
| Resistance Level 2 | $0.0005208 |
| Resistance Level 3 | $0.0006119 |
| Resistance Level 4 | $0.0007986 |
| Resistance Level 5 | $0.0010390 |
| Support Level | $0.0003606 |
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 $0.0010390.
Accordingly, if the investors turn against crypto, the price of the SFM might plummet to almost $0.0003606, 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 43.09. 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.
The above chart represents the ADX of SafeMoon. Currently, SFM lies in the range of 15.6142606, indicating 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 above the 50 levels, indicating that the direction of volatility is high. In fact, SFM’s RSI is at the 43.09 level thus confirming a potential buy signal.
Comparison of SFM with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and SafeMoon.
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 increase or decrease 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 $0.0035 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 $0.0048 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 $0.0052.
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 $0.006.
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 $0.0073.
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 $0.0085.
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 $0.0098 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 $0.02 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 $0.0010390. On the other hand, the bearish SFM price prediction for 2022 is $0.0003606.
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 $0.002 if the investors believe that SFM is a good investment in 2022.
FAQ
SafeMoon is a DeFi token of the Binance Smart Chain which runs parallel to the original Binance Chain.
SFM has listed on many crypto exchanges which include MEXC, DigiFinex, Bitrue, Gate.io, and XT.COM.
With the ongoing developments and upgrades within the SFM platform, it has a high possibility of reaching its ATH soon.
On Jan 05, 2022, SFM reached its new all-time high (ATH) of $0.00338272.
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.
SafeMoon (SFM) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues, SafeMoon (SFM) will hit $0.002 soon.
SafeMoon (SFM) price is expected to reach $0.0035 by 2023.
SafeMoon (SFM) price is expected to reach $0.0048 by 2024.
SafeMoon (SFM) price is expected to reach $0.0052 by 2025.
SafeMoon (SFM) price is expected to reach $0.006 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.
Read more: https://thenewscrypto.com/safemoon-price-prediction-will-sfm-hit-0-001-soon/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
