SAFEMOON Coin Rebounds Price Prediction $1?

Описание: SafeMoon price action sees investors prepositioning for more gains to come

SafeMoon bulls will, in a first phase, look to target the high of yesterday at $0.001662. As the close of yesterday and the opening of this morning are so close together, expect this to be easily achieved as tailwinds from the stock market help lift sentiment. The next big hurdle on the graph will be the low of February 02 at $0.001691, which was also the February 14 low and acted as a bounce-off to try and break $0.001759, but failed back then.

Once above $0.001691, expect to see a repetition of a similar pattern as at the beginning of February with yet again $0.001759 as the target to get above. Bulls have been unable to hold a price opening above that level, let alone a daily close. But as talks are still underway and a diplomatic solution in Ukraine is still possible, expect a pop to the upside once white smoke gives the signal with a possible daily close above $0.001759 by the weekend or next week.

The situation on both the rates markets and Ukraine is still very much precarious. Any hawkish comments could easily see markets back to pricing in a 50 basis point rate hike by the FED in March, or headlines on reemerging violence in the Donbass region could set back peace talks with Russia and make investors worry again. SafeMoon price would quickly react to this with a push back towards $0.001602 and a possible break or breach of the support. That would open the door for a sharp correction towards $0.001500.

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