Serum (SRM) Price Chart
Serum (SRM) Overview
|24-Hour Price Change||-6.39%|
|Circulating Supply||263,244,669 SRM|
Serum (SRM) Technical Analysis
The technical analysis of the SRM coin is outperforming, and it can soon spark fresh surges in the price chart with the aim of a tremendous high in the future. However, the collapse of the crypto exchange FTX has created a black eye in the crypto market, wiping most of Serum’s value in the last few weeks. Moreover, the recent bankruptcy filing by FTX has forced Serum’s whale investors to liquidate massive positions and create selling pressure in the price chart, pushing SRM to a more bearish bloodbath.
Our Serum price prediction aims to provide you with an in-depth technical analysis using advanced indicators to identify the current market trend and guide you through a profitable investment plan.
Our Serum technical analysis reveals that this digital asset may soon skyrocket to new highs after a short-term bearish phase. Looking at the daily price developments, SRM struggles to trade above $0.29 as it continuously faces rejection near its immediate resistance level of $0.3.
The EMA-20 trend line has dramatically dropped below its previous resistance level of $0.7 to $0.368, barring Serum’s price from initiating a bullish trend above $0.3. SRM coin has seen a significant liquidation and accumulation in the dip as the FTX’s collapse created a FUD zone for its long-term holders.
Serum has taken support at $0.13, from which it witnessed a slight upward retracement to its 23.6% Fib retracement. The Balance of Power (BoP) indicator trades in a highly positive region at 0.54, which may trigger the crypto asset to test its resistance level at $0.3 again.
The RSI-14 indicator trades on the verge of ending the selling pressure as it hovers around the level of 37, which may soon act as a catalyst in taking the SRM token to $0.43 if it trades above 45-level. Moreover, the MACD line is paving the way to come out of its prolonged negative zone as it prepares to surpass its signal line.
However, the SMA-14 does not look promising as it has lost its grip near the 30-level, which may ignite a short-term bearish phase for Serum to test its support level at $0.19.
If the SRM coin breaks above its EMA-20 trend line at $0.37, it may ignite a clear uptrend to its Bollinger band’s upper limit of $0.7, above which it may trade near its strong resistance at EMA-200, which trades at $1.07. Conversely, a further downfall is expected if SRM fails to hold its price above $0.2, below which Serum may accelerate a sharp decline and trade near $0.11.
Serum (SRM) Recent News
- Solana Developers Fork Liquidity Hub Serum After FTX Hack
- Serum’s SRM Tokens Double in Price After Emergency Fork in Wake of FTX Hack
Serum (SRM) Price Today
According to data from CoinMarketCap, SRM is currently priced at $0.2903 and takes the #198 rank in cryptocurrencies by market cap. Serum currently has a circulating supply of 263M SRM and a current market cap of $76,861,161.39.
SRM is down $0.01922 in the last 24 hours with a price decrease of 6.39%.
Technical analysist data for SRM shows a medium ‘SELL’ indication for the 1 day, 1 week, and 1 month intervals. SRM is currently showing bearish signals with a 6.5% decrease in price over the last 7 days and a 60.0% decrease over the last month.
SRM has fell over 95.3% in the last year, loosing $6.02 of its token value. Current market sentiments show bearish outcomes for the short-term, however this may be a good buying opportunity for the long-term.
Serum (SRM) Price Forecast
|Year||Minimum Price||Average Price||Maximum Price||Potential ROI|
Serum Price Prediction 2022
According to technical indicators the minimum trading price of Serum for 2022 is expected to be $0.28. The maximum price SRM could reach $0.32. The average trading price of SRM is predicted to by $0.30.
Potential ROI: 10.2%
Serum Price Prediction 2023
Cryptocurrency experts believe the minimum trading price of SRM in 2023 may be $0.40, with the maximum price reaching $0.48. It’s expected that Serum will have an average trading price of $0.44.
Potential ROI: 65.3%
Serum Price Prediction 2024
Long-term signals indicate Serum to have a minimum trading price of $0.53 in 2024. Analysts expect SRM price could reach a maximum price of $0.59, and have an average cost of $0.56.
Potential ROI: 103%
Serum Price Prediction 2025
Serum price is expected to stay strong in 2025 with a forecasted minimum price of $1.19 and a maximum price of $1.34. SRM should find an average trading price of around $1.24 throughout 2025.
Potential ROI: 361%
Serum Price Prediction 2026
Based on previous years, Serum is predicted to have a minimum price of $2.15 in 2026. The maximum price of SRM token could reach $2.42 with an average price outlook of $2.22.
Potential ROI: 733%
Serum Price Prediction 2027
Crypto experts expect Serum prices in 2027 follow growth of previous years. The minimum predicted price of SRM is $3.82, with a maximum price forecasted to be $3.78. The average expected trading price of SRM token should be around $3.56.
Potential ROI: 1202%
Serum Price Prediction 2028
Continuing onto 2028, Serum is predicted to reach a minimum price of $5.11 and a maximum price of $5.93. The average trading price is expected to be around $5.52.
Potential ROI: 1942%
Serum Price Prediction 2029
Cryptocurrency experts have concluded that Serum should reach a minimum trading price of $6.67 in 2029. SRM should see highs of $7.33, and an average trading price of $6.97.
Potential ROI: 2424%
Serum Price Prediction 2030
The price prediction for 2030 shows that SRM should meet a minimum price of $8.22 and a maximum price of $9.10. In 2030, Serum should have an average trading price of $8.50.
Potential ROI: 3034%
Is Serum a good investment in 2022
Crypto analysts expect Serum to preform poorly in the short-term with an overall bearish outlook on the market, however SRM is predicted to out-perform year-over-year and profitable in the long-term.
What will Serum be worth in 2030?
According to analysts, Serum will be worth a minimum price of $8.22 and a maximum price of $9.10 and should have an average trading price of $8.50.
What does Serum coin do?
SRM is the utility and governance token of the Serum decentralized exchange (DEX). Users can hold SRM to receive discounts on the Serum DEX and have voting rights in future project decisions.
Will SRM coin go up?
According to our analysis, SRM coin is expected to slowly retain value and go up in price year-over-year.