Join Our Telegram channel to stay up to date on breaking news coverage
The Safe price soared 29% in the last 24 hours to trade at $0.6533 as of 11:36 p.m. EST on trading volume that soared 670% to $164 million.
Safe Wallet has confirmed that its smart contracts remained secure despite being targeted in the $1.5 billion Bybit hack. In an official statement, the platform emphasized that external security reviews found no vulnerabilities in its smart contracts, frontend, or services.
This reassurance comes as concerns grow over security risks in the crypto ecosystem.
Safe Price Analysis: A Potential Breakout In Play?
The SAFE price has been in a prolonged downtrend, forming a descending wedge pattern that typically signals a bullish reversal.
The Safe price has been trading within this structure for several months, gradually making lower highs and lower lows, as GeckoTerminal data shows. However, the recent breakout above the wedge’s resistance suggests that buying momentum is picking up.
A strong green candle on the daily chart confirms this breakout, with the price of SAFE currently trading at $0.6533, marking an impressive 29.26% gain for the day. The next key resistance level is at $0.7208 (50-day Simple Moving Average (SMA)), while further resistance is around $0.9282 (200-day SMA).
Meanwhile, the Relative Strength Index (RSI) is currently at 53.75, indicating neutral momentum but leaning toward bullish territory. If the RSI continues rising past 60, it would confirm increasing buying pressure and further upside potential.
The Moving Average Convergence Divergence (MACD) is showing early signs of a bullish crossover, with the blue MACD line (0.0098) moving above the orange signal line (-0.0491). This suggests a shift in momentum, reinforcing the potential for further upside.
SAFE Price Prediction
Given the breakout from the descending wedge, bullish momentum appears to be taking over. If the price of Safe holds above the breakout level, the next short-term resistance would be around the 50-day SMA at $0.7208, while major resistance and the next possible target is around the 200-day SMA at $0.9282.
On the flipside, if the bears take control of the price at this level, the Safe price could plunge to the support at $0.50. If SAFE fails to hold above this, the breakout could turn into a fakeout, leading to further consolidation.
In the meantime, investors are flocking to the presale for Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says is one of the best crypto wallets for 2025.
Best Wallet Presale Closing On The $11 Million Mark – Next Crypto To Explode?
Best Wallet is rapidly emerging as a top choice for those entering the cryptocurrency market and its presale has already surged past $10.6 million.
It isn’t just another crypto app trying to stand out—it offers traders full control of their assets without the usual hassle. This multi-chain, non-custodial wallet supports over 60 blockchains in one place, removing the need for multiple wallets.
The mobile app makes it easy to manage assets like ETH, SOL, and USDT. It also includes a built-in DEX aggregator that pulls liquidity from top exchanges, helping users get the best rates.
Best Wallet is quickly gaining traction and is now competing with popular wallets like Trust Wallet and MetaMask, with the potential to outpace them due to its unique array of features.
A key feature that sets Best Wallet apart is its “Upcoming Tokens” section, a presale aggregator that identifies high-potential projects.
The best plays are the ones you catch early. 👀
With Best Wallet, you can track upcoming projects, monitor token balances, and claim your tokens directly within the app.
Opportunities don’t wait. Make sure you’re ready. 🔥
Download Now 📲 https://t.co/he5kzra7TY pic.twitter.com/pW9aQMDW9C
— Best Wallet (@BestWalletHQ) February 15, 2025
The project’s success in identifying promising projects is clear. It has already flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
The team also announced an update to the wallet, bringing enhanced security, exciting new features, and future support of additional blockchains. Bitcoin is now live in Best Wallet as well.
BEST tokens can be staked for a huge 152% annual return as well.
Currently, BEST tokens are priced at $0.02415. Buy before a price hike in 36 hours.
Visit the Best Wallet website.
Related News:
- Strategy Stock Price Loses A Quarter Of Its Value As BTC Dives Below $90K
- Eric Trump Says ”Buy The Dip” As Spot Bitcoin ETFs See Record Outflows
- Top Crypto Presales to Buy Now for 10x Gain Potential
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
