Safemoon Bull Run 1500x800

Safemoon Poised for Another Bull Run as Buyers Flock In

Safemoon has been correcting down its price levels since the last weeks of October when it tripled in value from $0.00000184 to $0.00000615. The 240% rally happened between October 21st and 28th. After it hit a high at $0.00000615, the token started shedding its value, dropping by around 34 percent.

At the moment, the downward correction has stalled, with the price teetering between $0.00000380 and $0.00000470. At this market value, Safemoon seems to be aiming for an upward trajectory. Should there be a rally, there is a possibility that it will hit and surpass the $0.00000560 price point – and head for $0.00000775.

If it breaches that resistance level, it is most likely to get the ATH at $0.00000970, representing a doubling of the current price point at $0.00000450.

Alternatively, if the sellers overwhelm the buyers at the $0.00000380 price level, the bull run will come to a screeching halt. Safemoon might then slide down gradually to the next support level, resting at $0.00000150. With that said, with the upcoming V2, Safemoon Exchange, and a possible Safemoon Blockchain year-end, we might see market cap and prices that rivals Shiba Inu and Binance coin.

On another note, this week Safemoon download reaches over 600K on both iOS and Android, and I think Safemoon just getting started.