- SRM coin price has been observing a strong consolidation and can soon see a new high. In contrast, the token is looking for upside momentum.
- Technical indicators of SERUM hints towards a consolidated momentum for the price..Meanwhile, SRM/BTC pair has also observed a gain of more than 2%.
SRM crypto price has been in mayhem for a long time and can soon see a new high in the future. Serum coin price is currently hovering around $3.65 and has seen a gain of more than 2% The asset is currently trading below its crucial support levels along with its moving average. The 50 DMA of the asset is currently near $5 and if the price rally above it then a new high can be seen. If the coin price sees an upside of more than 10% then one might see a bull rally. One can forecast strong gains and a new high in SRM in the future.
Serum coin market dominance along with the market cap has slipped and is looking to recover to previous levels. The volume of the coin has also been a downside trend. The volume to market cap ratio of SRM hints towards a bearish momentum. One can forecast strong growth in the Serum which might push the coin price to a new high.
SRM Crypto Price Bulls And Bears Are On Sleep
Srm coin price weekly technical chart hints towards a downside trend for the upcoming trading sessions. On coming to the daily chart the token is looking to push over its supply zone in the future.. The hostile region of the SRM on the upside trend can see a setback near $5. Meanwhile, on the downside, the bounceback in the coin can be seen around $2. There is a strong supply zone in the coin and if it breaks above it then a strong upside trend can be seen. The SRM/BTC pair might also see a new high in the future.
Conclusion
Serum coin price has been on a consolidated trend and can soon see a new high in the future. SRM/BTC pair might also see similar gains in the upcoming weeks. One can invest in SRM as per their needs and risk capacity.
Technical Level
Major Resistance: $6.1
Major Support: $5