Deep Dive
1. Technical Resistance (Bearish Impact)
Overview: SFP trades at $0.36, below the 30-day SMA ($0.374) and 200-day SMA ($0.477). The RSI (47.34) signals neutral momentum, but MACD shows weak bullish divergence (histogram +0.004).
What this means: Traders often view prices below key SMAs as bearish. The $0.374 level now acts as resistance—a break above could signal reversal, but current volume (-4.56% to $4.95M) suggests limited buying conviction.
2. Reduced Collateral Utility (Bearish Impact)
Overview: Binance lowered SFP’s collateral ratio from 50% to 30% in September 2025 (Binance), reducing its appeal for margin traders.
What this means: Lower collateral ratios diminish SFP’s utility in leveraged trading strategies, potentially leading to reduced demand from institutional and active traders.
3. Ecosystem Momentum Stalls (Mixed Impact)
Overview: SafePal’s September partnership with Aster (perp DEX) initially boosted prices (+24.3% weekly gain in late Sept), but recent updates (e.g., tokenized stock trading via xStocksFi) have not reignited momentum.
What this means: While integrations expand use cases, the lack of fresh catalysts or TVL growth in DeFi features may fail to offset broader market headwinds.
Conclusion
SFP’s dip reflects a mix of technical headwinds, reduced exchange utility, and fading partnership momentum. While the project continues expanding its wallet and trading features, near-term price action may hinge on broader market sentiment and volume trends.
Key watch: Can SFP hold the $0.354 Fibonacci support level, or will declining volume exacerbate downside risks?