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 decentralized cryptocurrency that focuses on providing users with secure and reliable transactions. Its unique features include multi-chain support, enhanced privacy, and fast transaction speeds. With SFP, users can enjoy a seamless and efficient experience in the digital asset space.
SafePal Price Overview:
As of May 12, 2024, SafePal is trading at approximately 0.8133 USDT. Let’s dive into the detailed price action for SFP-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.7933 |
| High (H) | 0.8202 |
| Low (L) | 0.7924 |
| Close (C) | 0.8133 |
| Volume (C) | 1,315,839.00 |
- Open (O): The opening price for today’s trading session was approximately 0.7933 USDT.
- High (H): SafePal reached a daily high of around 0.8202 USDT.
- Low (L): The daily low for SFP-USDT was approximately 0.7924 USDT.
- Close (C): At the time of analysis, SafePal is trading near its daily close of 0.8133 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.46% |
| 3D Change (%) | 4.82% |
| 7D Change (%) | 1.90% |
| 30D Change (%) | -6.68% |
| 90D Change (%) | 11.72% |
| YTD Change (%) | 5.17% |
Over the past three days, SFPUSDT has risen by approximately 4.82%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.90%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SFPUSDT maintaining a downward trend of approximately -6.68%, despite intermittent fluctuations. Examining the last 90 days, SFPUSDT has witnessed substantial increase of approximately 11.72%, reflecting strong long-term confidence. Year-to-date, SFPUSDT has steadily appreciated by around 5.17%, 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 0.35971.
- Momentum score is 0.03711.
SFP USDT Technical Analysis
SafePal Trading Volume:
The trading volume for SafePal (SFP) over the past 24 hours has been insignificant, with approximately 1,315,839.00 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 neutral zone, around 51.97897. This suggests that SafePal is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Explore SafePal’s (SFPUSDT) bullish trends at 8.13e-01 USDT, supported by strong fundamentals and promising indicators, as revealed in technical analysis.
Missing our detailed breakdown on SFP BTC SafePal Technical Analysis would be a lost opportunity if you found value in this post.
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.