SafeMoon (SFM) has seen a remarkable surge of nearly 60% in the past two days and a staggering 490% over the last week following its transition from BNB to Solana. This rapid increase in price has led to bullish signals, with indicators such as ADX indicating strong trend momentum and EMA lines forming a golden cross.

Despite these positive developments, BBTrend remains in the negative territory, hinting at lingering selling pressure. If the current uptrend fails to hold, SafeMoon could potentially face a sharp correction, risking a drop of up to 55% from its recent highs.

The rise in SafeMoon's Average Directional Index (ADX) to 31.5, from 17.7 just a day ago, signifies a significant strengthening of the trend. This spike in ADX suggests that there is potential for a more defined directional move at a crucial time for meme coins.

As the ADX crosses the key threshold of 25, it signals that SafeMoon is moving from a weak trend to a stronger phase. If the buying pressure continues, the growing momentum indicated by the rising ADX could support further price increases.

The Bollinger Band Trend (BBTrend) for SafeMoon, currently at -6.54, had a brief positive deviation reaching 4.88 yesterday. However, the ongoing negative trend since February 26 indicates that selling pressure still prevails despite recent price surges.

The formation of a golden cross in SafeMoon's EMA lines suggests a bullish outlook, typically preceding upward momentum. This development, coupled with the potential resistance test at $0.000128 and a breakout towards $0.000134, indicates a building bullish momentum that could pave the way for a stronger recovery.

While the uptrend seems promising, the fragile nature of the current trend as indicated by BBTrend warns of a possible strong correction if bullish momentum wanes. Should selling pressure intensify, leading to a breach of support at $0.0000659, the price of SafeMoon might plummet as low as $0.000038.