SafePal Price Pumps 27% After CZ’s Investment Remarks – Bulls Target $0.80-$1.00
Highlights:
- SafePal price is showing strong momentum, rising 27% to $0.58.
- This comes after CZ’s comments on investing in SafePal shortly after Trust Wallet.
- The funding rate is positive as bullish technicals signal a potential surge to $0.80-$1.00.
The SafePal price is boasting a bullish picture, surging 27% to $0.58. The daily trading volume has spiked 1731% to $100 million, indicating increased market activity. According to a press release shared with Finbold, SafePal has announced the integration of Aster. As a result, users can trade crypto and tokenized stocks with a leverage of up to 100x.
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As a result of this partnership, users can now trade high-leverage positions in popular assets, including Bitcoin (BTC) and Ethereum (ETH), as well as tokenized stocks such as Apple, Google, and Tesla. This is great news for the DeFi space as it enhances the already established wallet with new features for those traders who are willing to take on higher risk for higher rewards.
SafePal is also a portfolio, btw. Invested way back. Shortly after Trust Wallet. https://t.co/BWDH5IYONb
— CZ 🔶 BNB (@cz_binance) September 24, 2025
SafePal has become the first wallet to support Aster’s perpetual contracts (perps) natively, giving it a competitive advantage against other wallets. The announcement explained that users can enjoy competitive fees with a Maker fee of 0.01% and a Taker fee of 0.035%.
Notably, Binance CEO Changpeng Zhao has reacted to SafePal’s announcement, saying he has also invested in it shortly after Trust Wallet. This has triggered a spike in the SafePal market, with the token rallying over 25%.
SafePal Price Movement and Market Sentiment
The SafePal price and OI-weighted funding rate chart shows that the ideal indicator of a healthy market participation is the OI-weighted funding rate. Despite the stability of the funding rate over the past few days, the positive price movement indicates that traders may be anticipating a bullish move in the near future. With the OI-Weighted funding rate positive at 0.0093%, it shows increased investor confidence in the market.
On the other hand, the technical outlook of the SafePal price upholds a firm bullish grip. The token has broken above the falling wedge pattern, rallying to $0.58. The bulls have established strong support around the $0.50 and $0.47 mark. If these key zones hold firm, SafePal price may continue its upward movement towards $0.80-$1.00.
The Relative Strength Index (RSI) is at 68.14. In other words, SafePal is nearing an overbought condition, but there is still room before saturation. The MACD indicator also shows a positive crossover for SafePal, which usually indicates that a token is on the rise. This requires traders to buy more SFP tokens unless the MACD indicator changes.
Can SPF Bulls Maintain the Stamina?
Zooming in on the chart, a breakout is observed around $0.47-$0.50, indicating that the SafePal price has broken out of a falling wedge. If the breakout momentum holds, the target could push toward $0.80 or even $1.00.
The lower support zone, ranging from $0.50 to $0.47, has remained strong, serving as a safety net for dips for an extended period. Looking ahead, the 28% monthly gain indicates that SafePal’s price is riding the current bullish crypto wave, possibly fueled by Changpeng Zhao’s remarks. However, if the RSI spills into the overbought territory and profit-taking kicks in, it could trigger a dip back to $0.50 if the bears increase pressure.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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