Safe Crypto Records Increased Bullish Action!
- Patricia ArquetteOriginal
- 2024-10-25 15:40:29674browse
With the listing of Safe tokens on the Upbit cryptocurrency exchange, this altcoin has experienced a massive surge in its volumes.
The price of Safe crypto has skyrocketed following its listing on the Upbit cryptocurrency exchange. According to data from CoinGecko, the altcoin experienced a surge of 9,747.85% in its 24-hour trading volume.
This surge in trading activity comes amid a period of increased volatility for Safe crypto, which has seen its price fluctuate significantly over the past few weeks. The altcoin recently crossed the $1 mark and is currently trading at $1.70, adding ~76% to its valuation.
With the rising volatility, traders are keeping a close eye on whether Safe crypto will be able to sustain its gains or experience a significant correction over the weekend.
After a brief period of sideways movement, Safe token price has picked up the pace once again, breaking past the $1 mark with a 24-hour trading volume of $329.47 million. Moreover, it has surged ~167% from its ATL of $0.6167 over the past 3 months.
A bullish rise is indicated by the Simple Moving Average (SMA) on the 1D time frame, highlighting increased buying pressure for the Safe crypto token in the market.
Furthermore, the MACD indicator shows a significant increase in the green histogram, with both averages rising sharply on the Safe price chart. This suggests that the price may continue to increase in the coming time.
If the bullish sentiment continues, we could see this altcoin attempt to reclaim its resistance level of $1.89. Maintaining the price above that level could set the stage for it to head toward its upper high of $2.40 over the next few weeks.
On the other hand, if a bearish trend reversal occurs, it could pull the Safe crypto price toward its support level of $1.45. Furthermore, if the bearish sentiment intensifies, this Ethereum-based altcoin could retest its lower support level of $1 in the upcoming time.
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