"SafeMoon Surges 490% on Solana Migration, Bulls Eye Golden Cross"

SafeMoon (SFM) has experienced a significant surge in recent days, with its price increasing nearly 60% in the last two days and 490% in the past week following its migration from BNB to Solana. This rapid price increase has pushed key indicators into bullish territory, with ADX confirming strong trend momentum and EMA lines forming a golden cross. However, BBTrend remains in negative territory despite briefly turning positive, signaling that selling pressure still lingers. If the uptrend fails to hold, SFM could face a sharp correction, potentially losing up to 55% from its recent highs.

SafeMoon's Average Directional Index (ADX) has risen sharply, from 17.7 just a day ago to 31.5, indicating a significant improvement in trend strength. This increase suggests that the trend is becoming more defined, potentially supporting further price increases if buying pressure continues to build. With ADX now above the key 25 threshold, it signals that SafeMoon is transitioning from a weak trend into a stronger phase. Given that SFM is attempting to establish an uptrend, the rising ADX indicates growing momentum, potentially supporting further price increases if buyers sustain their pressure.

However, while ADX shows trend strength, the direction will depend on whether buying pressure remains dominant. If bullish sentiment continues, SFM could solidify its uptrend, but if selling pressure returns, price action could become more volatile despite the rising ADX.

SFM's Bollinger Band Trend (BBTrend) briefly touched a positive value of 4.88 yesterday, but this bullish move was short-lived, and SFM's BBTrend has remained in negative territory since February 26. The trend reached its lowest point at -58.3 on March 2, signaling extreme bearish momentum at the time. While the current level is a significant improvement from this recent low, the fact that SFM was unable to sustain a positive BBTrend suggests that selling pressure remains a dominant force in the market, despite the current price surge.

If BBTrend moves back into positive territory and holds, it could signal a shift toward a stronger recovery, but if it continues to trend downward, it would confirm that SFM remains under selling pressure.

SafeMoon EMA lines are currently forming a golden cross, a bullish signal that