|

SafeMoon Price Prediction: SAFEMOON retraces in preparation for 16% jump

  • SafeMoon price rallied after a retest of $0.00000344 and surged 27% to $0.00000450.
  • A correction to the 50% Fibonacci retracement level at $0.00000397 is likely before the next upswing.
  • If SAFEMOON breaks down the support barrier at $0.00000344, it will invalidate the bullish thesis.

SafeMoon price broke out of its range-bound movement as it bounced off a critical demand barrier. Moreover, SAFEMOON has also risen above the midway point of its consolidation, indicating a willingness to ascend. 

However, the recent upswing will result in a minor retracement before the rally continues.

SafeMoon price eyes higher high

SafeMoon price surged nearly 27% after tagging the support level at $0.00000344 for the fifth time over the past ten days. This sudden surge in bullish momentum catapulted SAFEMOON to slice through the 50% Fibonacci retracement level at $0.00000397 and tag the immediate resistance level at $0.00000450. All in all, this was a 27% rise when the majority of the cryptocurrency markets are consolidating.

After such an explosive run, SafeMoon price will likely experience a minor pullback to the immediate support, which is the midway point of the range at $0.00000397.

Here, SAFEMOON might consolidate or continue its climb. In the latter case, the altcoin could rally 16% if it breaches the resistance level at $0.00000450.

SAFEMOON/USDT 4-hour chart

SAFEMOON/USDT 4-hour chart

If the retracement pierces the 50% Fibonacci retracement level at $0.00000397 and heads lower, the upswing will likely be delayed. However, if the investors continue to book profit, there is a high chance that SafeMoon price might tag the demand barrier at $0.00000344 and undo the recent 27% advance.

If this were to happen, it would denote weak buying pressure, but a breakdown of $0.00000344 will invalidate the bullish thesis entirely. In such a case, SafeMoon price might drop by 13% to tag the support level at $0.00000319.

If the ask orders continue to pile up, SafeMoon price could experience a sell-off to $0.00000273.

Author

Akash Girimath

Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.

More from Akash Girimath
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday's airdrop.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.