Safemoon price

Safemoon forecast mixed despite recent migration to Solana. SFM price is down, but technical signals hint at a rebound. Community remains bullish, but real-world use is still lacking. Safemoon (SFM) cryptocurrency has been under immense bear pressure for the longest time, prompting investors to question whether the Safemoon forecast offers any hope. The digital token, once celebrated for its community-driven appeal, has struggled to regain upward momentum. Now, after completing a major transition to the Solana blockchain, many in the crypto space are eager to know: can the SFM coin make a comeback? Speculation after SFM migration to Solana In April 2025, Safemoon completed its long-awaited migration from its old contract to a new one built on Solana. The team officially shut down the previous V2 contracts on April 11, marking a pivotal shift in the project’s technical infrastructure. The $SFM migration to @solana is officially complete! The v2 contracts have been shut down. Hopefully, you came along with us! There is an amazing future ahead. Early next week we will be spinning up the Steering Committee chat for everyone to view and moving towards full… — SafeMoon (@safemoon) April 11, 2025 This migration was aimed at enhancing speed, scalability, and overall user experience. However, while the move has energised a section of the community, it hasn’t yet translated into significant price gains. As of July 28, the SFM token was trading at $0.000008534, down 29.2% over the past month and down 79.2% over the past year. Nevertheless, despite the bearish trajectory, the Safemoon community remains optimistic that the move to Solana will lay the groundwork for future utility and adoption. Safemoon forecast: looking at the technical signals Technical indicators currently paint a mixed picture for the SFM coin. According to Bollinger Bands analysis, the Safemoon price is sitting at the lower band. This typically signals an oversold condition and could hint at a buying opportunity. However, caution is still advised. In addition, the Bollinger Bands are unusually wide, highlighting the heightened volatility surrounding the asset. Interestingly, Safemoon’s price recently dipped below the lower band before recovering into the band’s range. That quick re-entry may suggest the bearish move was a false signal. Still, traders are urged to watch for confirmation before making aggressive entries. Another critical indicator — the Accumulation/Distribution (A/D) line — continues to decline. A falling A/D line, especially when paired with a falling price, often indicates sustained selling pressure. This trend suggests that despite community optimism, investors are yet to accumulate SFM tokens in significant numbers. Community sentiment holds strong One bright spot in the Safemoon ecosystem is community confidence. According to CoinMarketCap, over 7,300 users have cast sentiment votes, with 86% of them bullish on the Safemoon price prediction. This shows that faith in the token’s potential has not been entirely lost. Even with the bearish market performance, daily trading volume remains relatively high, standing at $689,372. This implies ongoing interest and activity, although not necessarily positive momentum. Market analysts often look at volume spikes as precursors to price movement, so the sustained trading activity may still yield surprises. Real-world utility remains the missing piece Despite all the technical developments, the missing link for Safemoon cryptocurrency remains a real-world application. The Safemoon team must now focus on delivering tangible use cases. Without a clear utility beyond speculative trading, the SFM coin may struggle to build lasting value. Currently, the token’s fundamentals do not appear strong enough to support a significant rally. However, this could change if the project succeeds in building out its ecosystem on Solana. The blockchain’s low fees and fast transaction speeds offer potential for dApps and DeFi integrations, both of which could reinvigorate investor interest. Looking forward, much of the Safemoon forecast depends on what the team delivers post-migration. Technical indicators suggest a cautious outlook, but community optimism and ongoing trading activity hint at underlying support. The post Safemoon forecast: can SFM coin rise again after its contract migration? appeared first on CoinJournal.