SafeMoon price might reach its local all-time high of $0.00000300 by the weekend, considering the recovery of the major cryptocurrencies. The token, created in March 2021, reached its all-time high for the first time on July 26.
According to FXStreet, price action by traders has sent SafeMoon to “a triangle play upwards with the green ascending trend line being used as a backbone for the rally.” The rally appears to have begun on August 16, when the token almost dipped to $0,00000100.
FXStreet predicts that SafeMoon’s value could increase by 35% if the current rally goes on. The challenge the token is likely going to face is resistance at the 55-day simple moving average (SMA). It recently passed the 21-day SMA.
The 55-day SMA resistance “has been a difficult one to break to the upside as it was attempted on August 23,” reads the FXStreet report. The resistance level the outlet describes as “a difficult one to cross” is at $0.00000260.
Still, crypto enthusiasts are hopeful that the current upside will reach $0.00000300, first reached on July 26. Previous attempts, on August 7 and July 27, to push the token above that price have failed though.
Where to Buy SafeMoon
Even though SafeMoon has not been listed in the most popular exchanges, there are alternative ways to buy your favorite crypto token. Here’s how you can buy:
For a successful purchase, you will need either PancakeSwap or BitMart. Follow the following steps to buy SafeMoon through PancakeSwap.
- Download any wallet compatible with the Binance Smart Chain, such as Trust Wallet.
- After registration, purchase the Binance coin via your wallet.
- On the Trustwallet’s main page, click on more to swap to Smart Chain.
- Once you input how much you want to swap, the order will be fulfilled.
- Lastly, use your PancakeSwap to exchange to SafeMoon.
Note that, SafeMoon Wallet will be available to all investors from August 28th, 2021.