{"id":5928,"date":"2021-07-10T23:58:56","date_gmt":"2021-07-10T22:58:56","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=5928"},"modified":"2021-07-10T23:59:00","modified_gmt":"2021-07-10T22:59:00","slug":"safemoon-price-hikes-but-below-expectation","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/safemoon-price-hikes-but-below-expectation\/","title":{"rendered":"SafeMoon price hikes but below expectation"},"content":{"rendered":"\n
SAFEMOON<\/a> price rebounds from a two-week low, although it still lies in the bearish region.<\/h5>\n\n\n\n
\"SafeMoon<\/figure>\n\n\n\n

As the bears take a vacation after two days of falls, the SafeMoon price is seeking recovery from two-week lows of $0.000002769 on Saturday.<\/p>\n\n\n\n

There is no good news for SAFEMOON, as chart-driven price fluctuations \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>continue to lead the way despite the crypto market's poor performance.<\/p>\n\n\n\n

The meme-based coin is currently consolidating its recent losses around $0.0000028, down 4% this week.<\/p>\n\n\n\n

Despite the recent rise, SAFEMOON's technical setup on the daily chart depicts a gloomy picture.<\/p>\n\n\n\n

On Friday, the price confirmed a negative breakout from a symmetrical triangle, setting the stage for any further losses.<\/p>\n\n\n\n

As a result, SafeMoon bears are prepared to challenge <\/a>important support of $0.000002765, below which the psychological level of $0.0000020 could be jeopardized.<\/p>\n\n\n\n

The Relative Strength Index (RSI) trades flattish while in the bearish zone, maintaining SAFEMOON's gloomy undertone.<\/p>\n\n\n\n

\"\"
Safemoon\/USD: Daily chart<\/figcaption><\/figure>\n\n\n\n
\n\n\n\n

Alternatively, if buyers find approval above the triangle support-turned-resistance level of $0.000002912, the rebound could accelerate towards the bearish 21-Daily Moving Average (DMA) level of $0.000003022.<\/p>\n\n\n\n

Further up, the triangle resistance at $0.000003131 could come into play, invalidating the bearish breakdown if it is broken on a daily closing basis. In the short run, such a move could lead to a bullish<\/a> turnaround.<\/p>\n","protected":false},"excerpt":{"rendered":"

SAFEMOON price rebounds from a two-week low, although it still lies in the bearish region. As the bears take a vacation after two days of falls, the SafeMoon price is seeking recovery from two-week lows of $0.000002769 on Saturday. There is no good news for SAFEMOON, as chart-driven price fluctuations continue to lead the way […]<\/p>\n","protected":false},"author":12,"featured_media":5930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[1351,886,489],"class_list":["post-5928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-bearish","tag-price","tag-safemoon"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/SafeMoon-price-hikes-but-below-expectation.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/5928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=5928"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/5928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/5930"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=5928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=5928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=5928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}