Bitcoin price gives back most of its weekend gains to test support. Ethereum price returns to critical Fibonacci support. XRP price at risk of a return to $0.28. Apart from these top coins, LUNA is still the talk of the town and the crypto community is asking “Can Terra’s LUNA recover and reach $120 again?” Well, we all are suffering from the $LUNA & $UST crash but according to the latest update by Do Kwon they are proposing actions and forks which may lead to a strong recovery of the LUNA ecosystem.
Similarly the community is also asking rapidly what the price action of $SAFUU, which is one of the highest APY providers in the defi world. Well this can be answered with in depth technical analysis.
Technical Analysis for SAFUU, Price Action, Price Prediction, and Market Sentiments
According to a survey, SAFUU has a very strong community that believes that SAFUU will recover its price by 100% very soon. With this strong assumption, the marked price will be 120$.
As shown in the charts above, the recovery zone is marked between 110$ to 130$ which is a 0.54 Fib Level in retracement. Hence the community is not just emotionally predicting price action for SAFUU but they are technically correct.
Recovery one is done with 0.728 recovery level as shown in the charts above.
There is a little buy pressure near 50$ price zone, whereas SAFUU is still in death cross with EMA’s (50,200) setup. Still as MACD is pushing and struggling to gain it momentum back the price action will surely happen and recovers price for SAFUU.
What is SAFUU?
$SAFUU is the native token which interest rebase rewards are paid. Every token holder automatically receives 0.02355% interest every 15 minutes just for holding $SAFUU tokens in their own wallet!
The Highest Paying Auto-Staking & Auto-Compounding Protocol
- Highest Fixed APY in Crypto – 383,025.80%
- Low Risk with Safuu Insurance Fund (SIF)
- Interest Paid Every 15 Minutes: 96 Times Daily!
- Automatic Staking and Compounding in Your Wallet!
Safuu Auto-Liquidity Engine (SALE)
Every 48 hours our Safuu Auto-Liquidity Engine (SALE) will inject automatic liquidity into the market. On each buy or sell order there is a 4% tax fee that automatically gets stored into an Auto-LP wallet and built into our protocol’s smart contract is the mechanism which smartly takes the 50% of the amount of SAFUU stored in the wallet, and will automatically buy BNB at the current market price.
The remaining 50% of SAFUU in the Auto-LP wallet will be used for the SAFUU side of liquidity, therefore giving equal an 50/50 weighting of SAFUU/BNB which will then be automatically added as new, additional liquidity into the market pair and raising the amount of liquidity in the pool.