SFM Price Analysis June 2022

SFM is a token of the platform SafeMoon. Its current price is around $0.0006282 by writing, with a low of $0.0000002149, and has a market cap of 354 million dollars.

What is SafeMoon?

SafeMoon is a blockchain-based digital asset created to provide decentralized financial services, just like other cryptocurrencies such as Bitcoin and Ethereum. The SafeMoon V2 Protocol is a community-driven decentralized finance protocol that forms an integral part of the SafeMoon ecosystem. SafeMoon is a company developing different blockchain-based projects to bring new value to crypto. They’re also looking to apply these technologies in every part of the world.

What is SFM?

SFM is the token of the SafeMoon platform, which is around $0.0006282 by the time of writing, with a low of $0.000000214. It reached a high of $0.007232, and its current ranking is #3003 according to CoinMarketCap, with a market cap of 354 million dollars. SafeMoon V2 is the new native token of the SafeMoon platform.

SFM Coin Market Analysis 

SFM has a max supply of 1,000,000,000,000 coins worth around $0.0006282 with a market volume of 1 million dollars, whereas the market capitalization is 354 million dollars at writing. 

Price Prediction

On the 3H timeframe, the price action of $SFM/USDT has formed a falling wedge chart pattern. The price is going to break the resistance of the wedge. We have to wait for a successful breakout to confirm its next direction.

Sfm Token In Falling Wedge
SFM Token in Falling Wedge Pattern

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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