SRM May Hold Positions Above $0.75


Join Our Telegram channel to stay up to date on breaking news coverage

Serum (SRM) Price Prediction – September 15
Gravitational forces to the upside direction in the SRM/USD market operation have not been increasingly pushing northward as the crypto economy may hold positions above the $0.75 support line. The financial book of records has witnessed a low of $0.7342 and a high of $1.06 in the last thirty days’ sessions.

SRM Price Statistics:
SRM price now – $0.8015
SRM market cap – $211.2 million
SRM circulating supply – 263.2 million
SRM total supply – 1.1 billion
Coinmarketcap ranking – #132

Serum (SRM) Market
Key Levels:
Resistance levels: $1, $1.10, $1.20
Support levels: $0.75, $0.65, $0.55
SRM/USD – Daily Chart
The daily chart reveals that Serum trade operations may hold positions above the $0.75 support level despite the possibility of the crypto economy running downward back into a correction mode. Price is currently under the trend line of the 14-day SMA indicator, which is at $0.8405, underneath the $1.0303 value point of the 50-day SMA indicator. The Stochastic Oscillators have crossed southbound from the overbought region to 68.87 and 54.52 range values.

Buy Serum Now

Your capital is at risk.

Punt Crypto Casino Banner

What is expected of the SRM/USD market traders by the present?

The overall verdict regarding what could be the SRM/USD market traders in the face of the trading pace of the crypto economy is to exercise a degree of cautiousness because the price may still hold above the $0.75 level. That said, long-position placers may have to be alert for a rebounding motion that can surface against further active downward-trending pressures toward or around the point mentioned earlier before considering launching a buy order.

On the downside of the technical analysis, indicators suggest a relatively downward pressure is in force. But, it is not too suitable for sellers to now ride alongside for the risk of an untimely bounce-off that can surface in no time. The $0.75 pivotal support baseline will play a crucial role in determining the accuracy of bears should the moves to the south side turn aggressively toward the value line at no point.

SRM/BTC Price Analysis

In comparison, Serum has been building energy around a fairly rated high-trading range zone involving the trend lines of the SMAs over a couple of sessions. The cryptocurrency pair market may hold positions closely around the smaller SMA trading indicator for some time. The 50-day SMA trend line is closed over the 14-day SMA trend line. The Stochastic Oscillators have recently dipped into the ranges of 40 and 20. They have crossed back northbound to 38.79 and 46.41 range values. A bearish candlestick is in the making to denote the base crypto can still down for rebuilding a stance against its counter-trading crypto.


Tamadoge – Play to Earn Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now –

Tamadoge logo


Read more:

Join Our Telegram channel to stay up to date on breaking news coverage

Credit: Source link

Join Binance


Please enter your comment!
Please enter your name here