- SRM coin price is currently seeing a downside momentum but can soon revert to the uptrend. In contrast, it has seen a gain of more than 1.5% in the past 24 hours
- Technical indicators of SERUM suggest a strong upside momentum in price. Meanwhile, SRM/BTC pair has seen a loss of more than 0.07% in the intraday session
SRM crypto price is currently seeing a downside momentum and can soon revert back to the uptrend. Serum coin is currently trading near the value of $5.7 and has seen a loss of more than 1.5% in the intraday session. The asset is currently trading below the 50 and 100 Daily moving average. The 50 DMA is currently near $8 and can act as temporary support of the price. If the asset price falls 15 to 20% below the current level then a strong downside can be seen. One can forecast a strong gain in the SRM in the future.
Serum coin market dominance along with the market cap is seeing a decline but can soon revert to the previous levels. The volume of the coin is also seeing a decline but can soon see a sudden surge. The volume to market cap ratio of the asset suggests a strong upside momentum in the future. One can invest in the asset according to their needs and risk capacity
SRM Crypto Price Bulls Are Ready For Next Move
Srm coin price weekly technical chart suggests a strong upside momentum in the price for the future. On coming to the daily chart the coin is currently seeing a downside momentum. The hostile region of the asset can be seen near $8 in the upside trend. Meanwhile, on the downside, the asset can see support near the value of $5. There is a strong consolidation zone formed in the coin and if it sees a breakout above it then a strong upside momentum can be seen. SRM/BTC pair can also see similar gains in the future.
Conclusion
Serum coin price is currently in a downward momentum but can soon see a new high in the future. SRM/BTC pair can also see the same gains in the future. One can invest in SRM as per their needs and risk capacity.
Technical Level
Major Resistance: $6.1
Major Support: $5