SafeMoon has been in a downtrend since May 26, but the price is consolidating and could be setting up for an upturn. The crypto coin is showing signs of further gains in the near future.
SAFEMOON price is likely to continue increasing, but only if support levels hold up. If there’s a spike in selling pressure that shatters immediate support levels, the prices will drop back down and trap investors into losses as prices return to pre-spike values with no hopes of recovery.
Cryptocurrencies Price Predictions
Binance Coin struggled to make its way up as it hit a massive resistance level. The break from the uptrend dragged BNB lower, where investors currently see it retesting a support barrier at $434.1.
If this price point is broken then there will be an invalidated bullish outlook for BNB; however if not we can expect a comeback from buyers who push the altcoin higher and potentially above that resistance wall again!
Analysts expect BTC to remain rangebound heading into January as investors show a strong preference for altcoins like Ripple (+3%) and Monero (+2%), which are up 9% in the last 24 hours.
Bitcoin’s rally is taking a breather as altcoins outperform according to analysts who predict that bitcoin will stay within its price range this month due to investor interest in other cryptocurrencies such as Ripple or Monero whose prices have risen by 3 percent and 2 percent respectively over the past day alone.
