SafeMoon V2 Price Prediction: How low can SFM go?

Saif Naqvi
SafeMoon V2
Source: Pixabay

An earlier SafeMoon V2 downtrend was amplified due to the ongoing correction, with the price slipping by 15% over the last 24 hours. Weekly lows on the RSI, MACD, and Awesome Oscillator outlined the severity of downwards pressure in the market. With little bullish inputs to work from, SFM was likely to continue its southbound journey on the charts. The biggest question was – how low can SFM go from here?

SafeMoon V2 4-hour Time Frame

Devoid of trading inflows, SafeMoon V2’s market has constantly shed value, declining by 34% over the last five days. Although its price is parked within a defensive region of $0.001129-$0.001168, extreme readings on the indicators worked against even a relief rally, let alone an extended recovery.

For instance, SFM’s RSI has treaded deeper into the oversold territory since 19 February without any response from bullish traders. The index was currently at its lowest level since SafeMoon’s migration from V1 to V2. The Awesome Oscillator and MACD had their troubles, with each hitting a near 1-month low. A double bottom setup was still distant, meaning that the market was open to further losses heading forward.

More precisely, the market was vulnerable to an additional 23% decline heading forward. Support areas of $0.000985 and $0.000901 would be SFM’s next destination if the price closes below $.001168. With no established demand regions on the chart, hunting for a buy the dip moment is difficult.

Trading Strategy

According to the Visible Range profile, there was some demand for SFM within its current defensive zone. However, as highlighted earlier, the indicators were not supportive of recovery just yet. Hence, shorting SFM once it closes below $0.001166 made more sense than any long calls. Take-profits can be set at $0.000985, while stop-losses can be maintained at $0.001541, above the 50-period EMA (orange).


SafeMoon V2 was open to more losses this week. Investors can follow up with short trades based on the above-mentioned levels to capitalize on the expected retracement.