For the second time, the SafeMoon price is attempting to break over a resistance level of $0.00000338.
A rejection here is anticipated, leading to a modest decline that retests the $0.00000295 support level.
The bullish thesis will be invalidated if SAFEMOON breaks below the range low of $0.00000257.
After a severe sell-off that finished on June 22, the price of SafeMoon has risen. The ascension has broken through a major resistance level, but it is having trouble breaking through the next one. As a result, SAFEMOON will most likely retreat to the near support floor.
After a recent failed attempt, the SafeMoon price is currently attempting to cut through the resistance level at $0.00000338. The newest attempt to flip the ceiling appears doubtful, based on the current status of the crypto market. As a result, investors could expect SAFEMOON to take a step back.
The immediate support barrier at $0.00000295 may hold this decline and provide a reversal foothold.
A surge in purchase pressure from investors snatching up the cryptocurrency at a bargain might spark a rally, propelling SafeMoon price to $0.00000338.
If the bulls can break through this resistance and turn it into a support, the rally will most likely continue to the next ceiling at $0.00000374, up 26% from $0.00000295.
SAFEMOON might possibly retest $0.00000412 in a strongly bullish scenario.

4-hour chart of SAFEMOON/USDT
On the other hand, if selling pressure builds at $0.00000295, SAFEMOON may cut through it and tag the range bottom at $0.00000257. The upswing narrative would be shattered by this action.
A breach of $0.00000257, on the other hand, will undermine the bullish thesis and might result in a 23 percent sell-off to $0.00000198./nRead More