SafeMoon (SFM) has been on a wild ride lately, with its price soaring by almost 350% in just a month thanks to a shift toward community involvement and a gradual airdrop. However, the latest technical indicators suggest that the momentum behind SafeMoon may be slowing down.

Recent ADX readings indicate a weakening trend strength, while the RSI has dropped from near-overbought levels, signaling a decrease in demand. The future of SafeMoon's uptrend hinges on whether buying pressure picks up or if market enthusiasm begins to dwindle.

The current ADX for SafeMoon stands at 20.5, a decline from its peak levels in mid-February. This drop in ADX suggests that the strong trend momentum seen recently has started to fade, raising questions about the sustainability of SafeMoon's upward movement.

While SafeMoon remains in an uptrend, the weakening strength of the trend, as indicated by the ADX dipping below the key threshold of 25, could set the stage for sideways trading or a potential pullback.

The RSI for SafeMoon currently sits at 41, down from its level just a few days ago. This decrease points to a cooling off of buying momentum following a period of strength fueled by the announcement of a Solana meme coin launch.

Despite the recent surge in RSI levels, indicating overbought conditions, the current RSI value of 41 suggests that SafeMoon is not yet deeply oversold. Continued monitoring of the RSI trend will provide insights into the level of selling pressure and potential price movements.

The recent developments and community-driven approach have had a positive impact on SafeMoon, leading to a significant price surge. However, the volatility in the market could see the token retesting lower levels if market interest wanes.

The future price movements of SafeMoon will likely be influenced by whether the bullish momentum can be sustained, potentially pushing the token to new highs, or if a shift in market sentiment leads to a corrective phase.