- Bullish SFP price prediction ranges from $1.42 to $3.52.
- The SFP price might also reach $4 soon.
- SFP bearish market price prediction for 2022 is $0.51.
This SafePal (SFP) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our SFP price analysis and prediction.
Among the cryptocurrencies that are rallying this year, SFP is perhaps one of the most surprising for some. It is not directly related to crypto king Bitcoin (BTC), nor is it the most hyped cryptocurrency today. But for those that are aware, SFP has been around since 2018.
Can SFP reach $4 in 2022? We will find out shortly. But before we proceed to our SFP analysis, let us first answer the question “What is SafePal (SFP)?” in this SFP prediction 2022 article.
What is SafePal (SFP)?
SafePal is a digital asset wallet launched in 2018 which helps users to protect and grow their cryptocurrencies. Moreover, SafePal offers hardware and software wallets, all paired and managed via the SafePal App. Moreover, it is the first hardware wallet invested in and backed by Binance.
In addition, SafePal wallet supports many popular digital assets, in addition to popular tokens on the Ethereum, Binance Smart Chain (BSC), and TRON blockchains. However, users can store, manage, swap, trade, and grow their portfolios without compromising asset security, as per SafePal.
Since its launch in 2018, SafePal has increased exponentially and has more than 80,000 users in 87 countries globally. More information could be found in the SafePal Media kit.
Now that we are clear about SFP do you think SFP will be beneficial crypto in 2022? Join me and let us see the charts in this SFP price analysis and SFP price prediction.
SafePal (SFP) Current Market Status
As of the time of writing this SFP price analysis, SFP trades at $0.79 with a 24-hour trading volume of $15,013,424. The price of SFP has increased by 7.40% in the last 24 hours.
Furthermore, SFP has a current circulating supply of 108,166,667.00 SFP. Currently, the top cryptocurrency exchanges for SFP are Binance, CoinTiger, HitBTC, Hoo, and Gate.io.
Now, let’s proceed to the next part of this SFP technical analysis for 2022.
SafePal (SFP) Price Analysis 2022
Currently, SFP holds 422nd place on CoinMarketCap. But will the latest upgrades, development, and changes in the SFP blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this SFP price prediction article.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for SFP/USDT, we can deduce that the price of Safepal might get bullish in some days since the price is almost breaking out at the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 46.84. This shows that Safepal is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.
From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and the 100-MA is not touching some previous candlestick, the price of the coin might increase soon.
SafePal (SFP) Price Prediction
The chart below shows that SFP has performed great over the past few days and has increased by 6.2% in the past seven days. Moreover, the SFP price shows a bullish trend. If this trend continues, SFP might run along with the bulls, overtaking its $0.99 resistance1 level and moving higher to $3.52 at the resistance5 level, the bullish signal for 2022.
Conversely, if the investors turn towards the crypto, the bears might take over and push SFP from its uptrend position. In simpler terms, the price of SFP might plummet to almost $0.51, a bearish signal.
Meanwhile, our long-term SFP price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.
Safepal (SFP) Price Prediction 2022
If this bullish trend continues, Safepal (SFP) will reach $3.52 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $1.42. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $4 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Safepal (SFP) Price Prediction 2023
The price of Safepal (SFP) can move even great heights, however reaching $10 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency SFP breaks past the psychological resistance level.
Safepal (SFP) Price Prediction 2024
The price of the Safepal can move even great heights, however reaching $20 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency SFP breaks past the psychological resistance level.
Safepal (SFP) Price Prediction 2025
In the next four years, Safepal prices could race up to $50. However, reaching this level could not be so difficult for Safepal (SFP) as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SFP has a high possibility of reaching a new ATH soon in the next four years as per the prediction.
Safepal (SFP) Price Prediction 2026
In the next five years, Safepal prices could race up to $100. However, reaching this level could not be so difficult for Safepal (SFP) as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SFP has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Conclusion
SFP has a bright future ahead of it in 2022. With the ongoing developments happening within the SFP ecosystem, as well as in the overall crypto market, we may see SFP reach new heights.
Bullish SFP price prediction for 2022 is $4. As said above, it may even reach its new ATH if investors have decided that SFP is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Users can obtain SFP tokens by purchasing them from cryptocurrency exchanges such as Binance, CoinTiger, HitBTC, Hoo, and Gate.io.
SFP is a good investment in 2022. However, SFP has a low possibility of reaching new heights this year.
Yes, it’s very much possible that SFP might reach $4 in the near future as per the current bullish trend.
Safepal (SFP) is expected to reach between $1.42 and $3.52 in 2022.
Safepal (SFP) price is expected to reach $10 by 2023.
Safepal (SFP) price is expected to reach $20 by 2024.
Safepal (SFP) price is expected to reach $50 by 2025.
Safepal (SFP) price is expected to reach $100 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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