In this SafePal technical analysis, we will examine the current price action, trading volume, key levels and indicators for SFP-BTC. SafePal (SFP) is a decentralized cryptocurrency that prioritizes user privacy and security. It utilizes advanced encryption techniques to protect transactions and personal information, ensuring a safe and secure experience for users. With its innovative features and strong focus on security, SafePal (SFP) is poised to revolutionize the digital asset space.
SafePal Price Overview:
As of June 20, 2024, SafePal is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for SFP-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 17,549.00 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): SafePal reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for SFP-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, SafePal is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.46% |
| 3D Change (%) | -5.76% |
| 7D Change (%) | 2.60% |
| 30D Change (%) | -1.38% |
| 90D Change (%) | 0.79% |
| YTD Change (%) | -37.43% |
Over the past three days, SFPBTC has decreased by approximately -5.76%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 2.60%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SFPBTC maintaining a downward trend of approximately -1.38%, despite intermittent fluctuations. Examining the last 90 days, SFPBTC has witnessed substantial rise of approximately 0.79%, reflecting strong long-term confidence. Year-to-date, SFPBTC has steadily depreciated by around -37.43%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
SafePal Live Chart:
You can access a live price chart for SFP-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.40609.
- Momentum score is -0.05058.
SFP BTC Technical Analysis
SafePal Trading Volume:
The trading volume for SafePal (SFP) over the past 24 hours has been insignificant, with approximately 17,549.00 BTC traded against SFP. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): SFP is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): SafePal is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for SFP-BTC is currently in the neutral zone, around 46.5013. This suggests that SafePal is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
SafePal (SFP-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Unveil potential setbacks for SafePal (SFPBTC) at 1.14e-05 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.