SFP USDT SafePal Technical Analysis

SafePal logo In this SafePal technical analysis, we will examine the current price action, trading volume, key levels and indicators for SFP-USDT. SafePal (SFP) is a cryptocurrency designed for secure and private transactions. With its innovative technology, SFP offers users enhanced security features such as multi-sig wallets and cold storage options. By prioritizing user privacy and security, SafePal aims to become the go-to cryptocurrency for those seeking a reliable and trustworthy digital asset.

SafePal Price Overview:

As of September 22, 2023, SafePal is trading at approximately 0.5823 USDT. Let’s dive into the detailed price action for SFP-USDT:

Metric Value
Open (O) 0.5865
High (H) 0.5974
Low (L) 0.5789
Close (C) 0.5823
Volume (C) 1,873,708.00
  • Open (O): The opening price for today’s trading session was approximately 0.5865 USDT.
  • High (H): SafePal reached a daily high of around 0.5974 USDT.
  • Low (L): The daily low for SFP-USDT was approximately 0.5789 USDT.
  • Close (C): At the time of analysis, SafePal is trading near its daily close of 0.5823 USDT.
Metric Value
1D Change (%) -0.63%
3D Change (%) 2.48%
7D Change (%) -4.10%
30D Change (%) -0.55%
90D Change (%) 25.63%
YTD Change (%) 47.19%

Over the past three days, SFPUSDT has risen by approximately 2.48%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.10%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SFPUSDT maintaining a downward trend of approximately -0.55%, despite intermittent fluctuations. Examining the last 90 days, SFPUSDT has witnessed substantial increase of approximately 25.63%, reflecting strong long-term confidence. Year-to-date, SFPUSDT has steadily increased by around 47.19%, 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-USDT 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 0.71664.
  • Momentum score is -0.00547.

SFP USDT Technical Analysis

SafePal Trading Volume:

The trading volume for SafePal (SFP) over the past 24 hours has been insignificant, with approximately 1,873,708.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): SafePal is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for SFP-USDT is currently in the high zone, around 55.18893. This suggests that SafePal is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

SafePal (SFP-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.

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.