Safemoon, the most recent cryptocurrency, bills itself as decentralized finance (DeFi) token. This means that it is a component of an alternative financial system, allowing commerce via peer-to-peer chain networks without the involvement of centralized institutions such as banks or governments.
SafeMoon is a cryptocurrency that refuses to submit to central government demands or be shackled in faulty and regulatory monetary shackles, competing and bracing in the harsh marketplaces. SafeMoon has made it possible for anybody to store and transfer value in a non-manipulable currency. Although the market is down, Safemoon has not only maintained its value but has also made a lot of investors quite rich. But what’s the forecast for SafeMoon? So let’s dive into it.
If the SafeMoon price can close above $0.00000338 on a daily basis, it would relieve the pressure produced by the dropping 10-day SMA of around $0.0000029 and allow SAFEMOON to target the descending triangle’s upper trend line at $0.00000371, delivering a 30% gain from the present price.
With the SafeMoon price presently trading at $0.000002768, SAFEMOON is on the verge of a severe fall, further undermining the rookie cryptocurrency’s chances of becoming an attractive investment choice in the market. For the time being, investors must be patient and wait for the pattern to resolve itself.
But due to the several large projects, SafeMoon team is working on, it is believed that the SafeMoon will eventually rise. Furthermore, according to gov.capital, SafeMoon’s price is projected to hit $0.0000110.
Stay tuned with us, for more information on Safemoon.