SafeMoon price could see upside potential in the coming weeks
SafeMoon looked ready yesterday for a lower break to retest the lower band of $0.00000258. But instead of that, it got an excellent technical signal called an inverted hammer.
We see a very flat bottom in the candle with no wick to the downside, followed by a long wick to the upside.
SafeMoon price here is getting pushed to the downside, but buyers took over the volume. The candle formation for today looks to confirm that technical setup. Not only does SafeMoon have a green candle, but it looks ready for much more upside as well.
Disclaimer: The information in this article is for general information purposes only. It is not intended as financial or investment advice. Seek the help of a financial expert before making any decisions.by fxstreet