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SFP Price Forecast 2023: Can SafePal Trade Above $1 Soon?

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iSafePal is a platform that helps users protect their crypto journey. It has recently added some new features and enhancements to its mobile app and hardware wallet. Users can now use iSafePal to access LineaBuild, BuildOnBase, and 0xMantle, which are projects that offer innovative solutions for the crypto space. 

Users can also enjoy the NFT support on klaytn_official, which is a blockchain platform that aims to provide a user-friendly and scalable environment for decentralized applications. To take advantage of these new features and enhancements, users need to upgrade their iSafePal wallet to the latest versions: Mobile App V4.1.1 and Hardware Wallet Firmware V1.0.52.

SafePal crypto plummeted by 8.65% in market value and surged by 19.94% in trading volume in the last 24 hours, as per CoinmarketCap, which is a crypto data and information website. Its market value is $240,970,136 and its trading volume is $12,823,267. There are 420,833,333 SFP in circulation.

Technical Analysis of SFP on 1-D TimeFrame

The SFP crypto price has been surging for the last three months by 62.59%, gaining its value and creating higher highs and lows and ascending.

The SFP crypto price is under a good buying influence and was rising every day and reached a high of $0.68175497 by September 9th, 2023. The bulls are now active and the SFP price is rising with it and making higher highs and lows.

At the time of publishing, the SFP crypto CMP is facing resistance from the nearest levels. Therefore, SFP crypto price may continue to fall and reach or break the support levels of $0.54654465 and $0.50147455 if it does not hold the current level and drops more.

On the contrary, if the price stays at the CMP level and rises, then it may reach the nearest target resistance levels of $0.63513072 and $0.68175497 further.

SFP Price Forecast 2023: Can SafePal Trade Above $1 Soon?
Source: SFP/USD.1D.CRYPTO by TradingView

At the time of publishing, SafePal (SFP) is trading above 20 and 50-day EMA showing positive signs on daily charts. RSI is around 53 above the neutral line and MACD indicates bullishness to consolidation as the gap is lean. Collectively, the indicators view shows consolidation to bullish.

Conclusion

The SFP crypto price prediction shows a neutral to positive outlook from investors and traders in the daily time frame. SafePal price action reveals a neutral to upward trend at the time of writing. Moreover, the daily chart shows that the price may either consolidate or keep going up as per technical tools like RSI, EMA, and MACD.

Technical Levels

  • Support levels: The nearest support levels are $0.54654465 and $0.50147455.
  • Resistance levels: The nearest resistance levels are $0.63513072 and $0.68175497.
Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

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