Market Cap:$189,045,032
Circulating Supply:108,166,667.00 SFP ( 22%)
Max Supply:500,000,000
✅What Is SafePal (SFP)✴️?
SafePal is a cryptocurrency wallet launched in 2018 that helps users to protect and grow their digital assets. SafePal provides hardware and software wallets, all paired and managed through the SafePal App and was the first hardware wallet invested in and backed by Binance.
SafePal wallet supports numerous popular crypto-assets, in addition to popular tokens on the Ethereum , Binance Smart Chain ( BSC ) and TRON blockchains. Users can store, manage, swap, trade and grow their portfolio without compromising asset security, according to SafePal.
Since its launch in 2018, SafePal has grown exponentially and has over 80,000 users in 87 countries globally.
coinmarketcap-www.safepal. io
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📉📈TECHNICAL ANALYSIS
As you can see in the weekly time frame for SFP/USDT, the price is trading around 1.74 $ right now.
In the previous two candlesticks , it was able to grow up more than 200% by breaking the dynamic resistance (Red descending trendline) with a strong sharp move, but it faced to the local resistance about $ 3,then by price retracement reached to the local support (50% Fibonacci level).
Now it maybe face demand again and move up to the red resistance zone , and if it breaks it up , it can achieve its goals. But if the BTC price descend more than 10% , it can go down to lower green box support .
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tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards
Circulating Supply:108,166,667.00 SFP ( 22%)
Max Supply:500,000,000
✅What Is SafePal (SFP)✴️?
SafePal is a cryptocurrency wallet launched in 2018 that helps users to protect and grow their digital assets. SafePal provides hardware and software wallets, all paired and managed through the SafePal App and was the first hardware wallet invested in and backed by Binance.
SafePal wallet supports numerous popular crypto-assets, in addition to popular tokens on the Ethereum , Binance Smart Chain ( BSC ) and TRON blockchains. Users can store, manage, swap, trade and grow their portfolio without compromising asset security, according to SafePal.
Since its launch in 2018, SafePal has grown exponentially and has over 80,000 users in 87 countries globally.
coinmarketcap-www.safepal. io
------------------------------------------------------------------------------------------------------------------
📉📈TECHNICAL ANALYSIS
As you can see in the weekly time frame for SFP/USDT, the price is trading around 1.74 $ right now.
In the previous two candlesticks , it was able to grow up more than 200% by breaking the dynamic resistance (Red descending trendline) with a strong sharp move, but it faced to the local resistance about $ 3,then by price retracement reached to the local support (50% Fibonacci level).
Now it maybe face demand again and move up to the red resistance zone , and if it breaks it up , it can achieve its goals. But if the BTC price descend more than 10% , it can go down to lower green box support .
--------------------------------------------------------------------------------------------------------------------
tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards
