With the listing of Safe tokens on the Upbit cryptocurrency exchange, this altcoin has experienced a massive surge in its volumes. Reportedly, Safe Crypto has recorded a jump of 9,747.85% in its 24-hour trading volume, resulting in it adding ~76% to its valuation.
With the rising volatility, will this altcoin hold on to its gains? Or will it experience a significant correction this weekend? Dive in as we have covered the short-term price prospects of Safe (SAFE) crypto tokens in this article!
Safe Crypto Records Increased Bullish Action!
After recording a sideways trend for a brief period, the Safe token has successfully regained momentum by breaking out of its $1 mark in the past 24 hours with a trading volume of $329.47 million. Moreover, it has surged ~167% from its ATL of $0.6167 over the past 3 months.
The Simple Moving Average (SMA) shows a bullish rise in the 1D time frame. This highlights increased buying pressure for the Safe crypto token in the market.
Further, the MACD indicator has recorded a significant rise in the green histogram with its averages experiencing a sharp rise in the Safe price chart. This suggests that the price may continue gaining value in the coming time.
How High Will Safe Price Go?
If the bullish sentiment sustains, this could result in this altcoin retesting its resistance level of $1.89. Maintaining the price above that level could set the stage for it to head toward its upper high of $2.40 during the upcoming weeks.
On the flip side, if a bearish trend reversal occurs, this could pull the Safe crypto price toward its support level of $1.45. Furthermore, if the bearish sentiment intensifies, this Ethereum-based altcoin could retest its lower support level of $1 in the upcoming time.
