SafeMoon's price has increased by 25% in the past week due to increased demand following its migration to Solana. However, there is now selling pressure that threatens to reduce these gains. The token's negative Balance of Power (BoP) suggests that sellers have more control, indicating a bearish trend. Additionally, the price has dropped 8% in the past 24 hours, trading near its 20-day exponential moving average (EMA), which indicates increased selling pressure and a shift towards a bearish trend. If the price breaks below the 20-day EMA, it could further decline to $0.000047. However, if there is new demand, the bearish outlook could be invalidated, and the price could rise above resistance to reach its multi-year high.



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