Safemoon's price surged by 76% on November 25th, making it one of the top-performing coins in the industry. However, this increase in price was not supported by significant trading volume, which could be a red flag. The rally may have been spurred by the recent announcement of the Safemoon Wallet going into open beta. Investors may have also bought the dip, noting Safemoon's underperformance during the broader crypto bull run. The SFM token is attempting to break above the 50-day and 100-day Exponential Moving Averages, indicating gaining momentum. However, further catalysts are needed to determine the future trajectory of the price.



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