• SafeMoon price continues to compress, creating the basis for an extreme price expansion when resolved. 
  • Safe Earn took to the decentralized finance (DeFi) space with great fanfare in the first 72 hours after launch, creating the first double reflection token.
  • FOMO remains absent from the cryptocurrency market, as SAFEMOON social volume has not budged on a smoothed basis.

SafeMoon price took the cryptocurrency by storm following its inception in March, with a run of over 19,000% in the early weeks. Since the massive rally and resulting crash, SAFEMOON has been trending sideways, suggesting it is forming an actionable bottom. 

SAFEMOON adoption to benefit from the Safe Earn money project

Safe Earn is the first mover of double reflection tokens by acting as an earning platform. It rewards SafeMoon tokens to Safearn holders at a rate of 8.5%, and those holders are eligible to benefit from the current SafeMoon standard reflections of 5%. The result is 13.5% in rewards, greater profits and broader adoption of SAFEMOON in the cryptocurrency complex.

Instead of the standard 5% reflection given out by SafeMoon already, Safe Earn ups that number to 13.5% in rewards. It’s an extremely new way to nearly triple your earnings.

Safe Earn ran several giveaways to strengthen the launch, with one offering $10,000 USDT to anyone that could get SafeMoon to mention them publicly. It lead to an explosion on SafeMoon’s hashtags.   

Safe Earn fills a gap in the decentralization space (DeFi) space. It is a unique opportunity for cryptocurrency investors seeking an alternative source of return in SAFEMOON, particularly valuable when the market has been trending sideways.

SafeMoon has endorsed Safe Earn.

SafeMoon price begs for FOMO as it stumbles near the lows

When there is the phenomenon of fear of missing out (FOMO) in the financial markets, investors seek quick, outsized returns, and social media can accelerate the craze. When SAFEMOON first came to the market in March, there was limited interest in social media. Still, it soon jumped in April, driving SafeMoon price higher and rewarding early adopters with huge returns.

Social media volume, tracked by Santiment, continued at higher levels after the crash in April and into the May highs. Still, it has since fallen into a low range that has remained consistent since early June, despite the SAFEMOON bounces. 

The Santiment Social Volume metric tracks the number of mentions of SAFEMOON on 1000+ crypto social media channels, including Telegram groups, crypto subreddits, discord groups and private traders chats.

SAFEMOON Social Volume - Santiment

SAFEMOON Social Volume - Santiment

A sustainable rally will not emerge without the benefit of social media. Still, the renewal of a bid in the cryptocurrency market over the last eight days may convince investors to explore the frontier digital tokens, creating a new rush.

SafeMoon price coils for an explosive move

Since the May correction, SafeMoon price has shaped a descending triangle pattern that is nearing the apex. The downward trajectory enforced by the triangle pattern and the 20-day simple moving average (SMA) has left SAFEMoon near a resolution.

The tightening of SafeMoon price has contracted the Bollinger Bands and, as a result, pushed the Bollinger Band Width (BBW) to the lowest level since April, creating a unique opportunity to target an outsized move.

The measured move of the descending triangle pattern is 57%, projecting a downside price target of $0.00000111. To activate the pattern, SafeMoon price needs to log a daily close below the May 19 low of $0.00000261, something the altcoin failed to achieve on June 22, July 19, July 20 and July 26. Today, SAFEMOON did briefly trade below the level.

The upside measured move price target is $0.00000504. An official breakout is recorded when SafeMoon price can overcome the 20-day SMA at $0.00000289, the resistance of the triangle’s upper trend line at $0.00000318 and the 50-day SMA at $0.00000340.

Regarding the timing of the 57% move, it appears imminent as the BBW width is near the tightest reading since the pattern began developing, and SafeMoon price is closing in on the apex of the triangle formation.

SAFEMOON/USD daily chart

SAFEMOON/USD daily chart

If the pattern resolves to the upside, use the SAFEMOON triangle’s horizontal support line as a stop in the case of a throwback. Alternatively, use the triangle’s upper trend line as a stop for any pullbacks after breaking down.

For a rookie cryptocurrency, adoption is critical, and the Safe Earn project provides a source of endorsement by rewarding Safearn holders with SAFEMOON tokens. As the user base grows, so will the social media traffic and perhaps the basis for a renewed rally as SafeMoon price is in the sweet spot for a substantial move.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Shiba Inu to flip Dogecoin as analysts see SHIB price rising to $0.01

Shiba Inu token emerged as the third most traded cryptocurrency in the past 24 hours after hitting a new all-time high. Experts have predicted that the memecoin will soon rank in the top 10 cryptocurrencies by market capitalization. 

More Shiba Inu News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets coil up for an explosive move

Bitcoin price has been due for a retracement after rallying for three straight weeks in October. This came on October 21, when BTC began a correction that is now holding up pretty well above a psychological barrier.

More Bitcoin News

Chainlink partners with AP while LINK price prepares for 50% advance

Chainlink price has been struggling for after May 19 crash and has stayed below a crucial barrier since then. However, LINK is turning around as it coils up to grapple with this hurdle and trigger a new upswing.

More Chainlink News

Ethereum heads toward ETH2 and Triple Halving with Altair upgrade on October 27

Following the launch of EIP-1559, the next key upgrade adds features to the beacon chain before the merge. The Altair beacon chain may be the only upgrade to the Ethereum network before transitioning from proof-of-work to proof-of-stake. Despite the drop in prices of most DeFi tokens, TVL crossed $100 billion last week.

More Ethereum News


Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast