SafeMoon price showed no resilience as it cut through stable and crucial levels. While the current situation might seem price bearish, things can turn around if the bulls manage to make a comeback soon.
SafeMoon price shows no signs of slowing its descent even as it sliced through prices of $0.00000217 and $0.00000194 levels. This downswing suggests that investors are on a selling spree. While this bearish outlook might induce panic, things can still turn around if the SafeMoon buyers make a comeback around the $0.00000145 support level or before it.
If this were to occur, the resulting buying pressure would easily push SAFEMOON's price to shatter $0.00000194 and retest $0.00000217, roughly a 45% upswing.
In a highly bullish case, the $0.00000270 resistance level can flip to become a support level barrier. This move would attract the sidelined investors, and the upswing might continue to scale other supply zones.
On the flip side, if the $0.00000145 support floor is shattered, it will signal a weakness among buyers and persistent selling pressure.
Such a move will not dent the optimistic scenario explained above but will invalidate it. This development might trigger panic-selling pressure, pushing SafeMoon to revisit the April 7 swing high at $0.000000911.
If the bearish momentum continues to pour in after retesting price of $0.000000911, $0.000000656 might be next.
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