The cryptocurrency market recorded losses for the second consecutive day this week, with most coins down more than 2% in the past 24 hours.
Last week saw a broad market rally: Bitcoin climbed past $47,000 for the first time since May, while Ether surged and approached the $3,300 level. Despite those gains, the market has entered a corrective phase, and many cryptocurrencies have pulled back in the short term.
Over the past 24 hours Bitcoin has slipped below $45,000, and Ether faces the risk of dropping beneath the $3,000 mark if downward pressure continues. Smaller tokens have also felt the impact—SAFEMOON, for example, lost nearly 5% of its value in the last day. With the market consolidating after the recent rally, SAFEMOON and other cryptocurrencies could see further declines in the coming hours and days.
SAFEMOON price outlook
The broader market’s bearish tilt is reflected on the SAFEMOON/USDT 4‑hour chart, which is currently in negative territory. SAFEMOON has fallen roughly 5% over the past 24 hours and could extend losses if overall market weakness persists. At the time of writing, SAFEMOON is trading near $0.000001545 per coin.
If the prevailing bearish trend accelerates, SAFEMOON could lose additional ground and test the $0.00000130 level. A deeper sell-off might push the token toward the $0.00000090 area, although such a move would likely require a broader, more aggressive market decline rather than isolated weakness in SAFEMOON.
SAFEMOON/USDT 4-hour chart. Source: Gate.io
On the upside, a return of bullish sentiment could lift SAFEMOON above $0.00000165. The first significant resistance sits around $0.00000174, which could act as an initial barrier if buyers re-enter the market. Unless a sustained bull run develops, the second major resistance near $0.00000203 is likely to limit further gains.
Ultimately, SAFEMOON’s near-term trajectory will be closely tied to the overall cryptocurrency market. Continued consolidation or renewed selling pressure across major coins would probably keep SAFEMOON under pressure, while a broader market rally would increase the chances of recovery and attempts to breach the highlighted resistance levels.