SafePal / US Dollar Cryptocurrency Forecast
SafePal / US Dollar cryptocurrency price up 0.349% on Thursday
(Updated on Apr 25, 2024)
The SafePal / US Dollar cryptocurrency price gained 0.349% on the last trading day (Thursday, 25th Apr 2024), rising from $0.83 to $0.83. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 5.01% from a day low at $0.82 to a day high of $0.86. The price has risen in 8 of the last 10 days and is up by 2.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $5.83 million.
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 12.44% during the next 3 months and, with a 90% probability hold a price between $0.777 and $1.01 at the end of this 3-month period.
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SFPUSD Signals & Forecast
The SafePal / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.82 and $0.783. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 16.25%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SafePal / US Dollar cryptocurrency
SafePal / US Dollar finds support from accumulated volume at $0.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0409 between high and low, or 5.01%. For the last week, the cryptocurrency has had daily average volatility of 5.84%.
Our recommended stop-loss: $0.800 (-4.10%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SFPUSD) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect SafePal / US Dollar to open at $0.84, and during the day (based on 14 day Average True Range), to move between $0.763 and $0.91, which gives a possible trading interval of +/-$0.0712 (+/-8.54%) up or down from last closing price. If SafePal / US Dollar takes out the full calculated possible swing range there will be an estimated 17.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.83 (0.50%) than the resistance at $0.87 (4.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SafePal / US Dollar cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SafePal / US Dollar cryptocurrency to perform well in the short-term.
Current score: 3.373 Buy Candidate Unchanged
Predicted Opening Price for SafePal / US Dollar of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.84 ( 0.156%) | $0.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SFPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.88 | 5.06 % | |
| R2 | 0.86 | 3.19 % | ||
| R1 | 0.85 | 2.03 % | ||
| Current price: | 0.83 | |||
| Support | S1 | 0.82 | -1.72 % | |
| S2 | 0.81 | -2.87 % | ||
| S3 | 0.795 | -4.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.88 | 5.71 % | |
| R2 | 0.87 | 4.48 % | ||
| R1 | 0.87 | 4.47 % | ||
| Current price | 0.83 | |||
| Support | S1 | 0.83 | -0.504% | |
| S2 | 0.82 | -2.12% | ||
| S3 | 0.754 | -9.57% |
FAQ
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