SafeMoon Price Forecast: SAFEMOON to shed 36% to retest critical support barrier

SafeMoon price lacks the momentum to rally higher, which has kept it below a crucial resistance level. A continuation of the current downtrend will drag SAFEMOON to a key demand level.

SafeMoon price primes for lower low

On the 4-hour chart, SafeMoon price has sliced through the 50 four-hour Simple Moving Average (SMA) at $0.00000470. A successful 4-hour close below this point suggests an increased selling pressure. However, a decisive close below the demand zone's lower trend line at $0.00000417 will confirm the start of a new downtrend.

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