Serum (SRM) has struggled against tether (USDT) in recent weeks, rising above $0.8 as the price of Serum (SRM) remains range-bound. For weeks, the price of Bitcoin (BTC) fluctuated between $19,500 and $20,000, with the price stalling on the next movement. Most altcoins, including Serum, have been affected by this choppy movement (SRM). (Source: Binance)<\/p>\n
Serum (SRM) Price Analysis On The Weekly Chart\u00a0<\/p>\n
The price of SRM has had difficulty replicating its recent bullish move, which saw the price rally to $3.5 as the price rallied with a good bullish sentiment.<\/p>\n
SRM has struggled to stay afloat after falling from an all-time high of $13, as the price continues to fall with no sign of a major bounce. With the current indicators, SRM could be poised to rally from its weekly low of $0.8 to around $1.2.<\/p>\n
The price of SRM is encountering resistance at $1; if the price of SRM flips this region, we may see the price rise to new heights.<\/p>\n
If the price of SRM maintains this bullish structure, we could see the price of SRM breaking off of its first resistance at $1 with more buy volumes.\u00a0<\/p>\n
Weekly resistance for the price of SRM \u2013 $1.<\/p>\n
Weekly support for the price of SRM \u2013 $0.75.<\/p>\n
Price Analysis Of SRM On The Daily (1D) Chart After rallying from its daily low, the price of SRM was rejected and is struggling to break out in a range channel. A break above this bullish channel on the daily timeframe will confirm its bullish strength to trend higher.<\/p>\n The price of SRM has since struggled to regain the bullish pattern as it trades below the 50 and 200 Exponential Moving Averages (EMA) daily. The prices at $0.9 and $1.6 correspond to the 50 and 200 EMA acting as resistance to the SRM price.<\/p>\n Daily resistance for the SRM price \u2013 $0.9.<\/p>\n Daily support for the SRM price \u2013 $0.75.<\/p>\n SRM Price Analysis On The Four-Hourly (4H) Chart In the 4H timeframe, the price of SRM remains bullish after forming a hidden bullish divergence, with the price bouncing off its downtrend line and rallying from $0.74 to $0.81.<\/p>\n The price of SRM is trading above the 50 EMA but below the 200 EMA. The price at the 50 EMA is $0.78 and acts as support, while the price at the 200 EMA is $0.85 and acts as resistance.<\/p>\n SRM must break above the 200 EMA with significant volume in order to have a chance of trending higher to a price of $1.<\/p>\n The Relative Strength Index (RSI) for SRM is below 55 on the 4H chart, indicating a moderate buy order volume SRM price.<\/p>\n Four-Hourly resistance for the SRM price \u2013 $0.85.<\/p>\n Four-Hourly support for the SRM price \u2013 $0.75.<\/p>\n Featured Image From zipmex, Charts From\u00a0<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Serum (SRM) has struggled against tether (USDT) in recent weeks, rising above $0.8 as the price of Serum (SRM) remains range-bound. For weeks, the price of Bitcoin (BTC) fluctuated between $19,500 and $20,000, with the price stalling on the next movement. Most altcoins, including Serum, have been affected by this choppy movement (SRM). (Source: Binance)<\/p>\n Serum (SRM) Price Analysis On The Weekly Chart\u00a0<\/p>\n The price of SRM has had difficulty replicating its recent bullish move, which saw the price rally to $3.5 as the price rallied with a good bullish sentiment.<\/p>\n SRM has struggled to stay afloat after falling from an all-time high of $13, as the price continues to fall with no sign of a major bounce. With the current indicators, SRM could be poised to rally from its weekly low of $0.8 to around $1.2.<\/p>\n The price of SRM is encountering resistance at $1; if the price of SRM flips this region, we may see the price rise to new heights.<\/p>\n If the price of SRM maintains this bullish structure, we could see the price of SRM breaking off of its first resistance at $1 with more buy volumes.\u00a0<\/p>\n Weekly resistance for the price of SRM \u2013 $1.<\/p>\n Weekly support for the price of SRM \u2013 $0.75.<\/p>\n Price Analysis Of SRM On The Daily (1D) Chart After rallying from its daily low, the price of SRM was rejected and is struggling to break out in a range channel. A break above this bullish channel on the daily timeframe will confirm its bullish strength to trend higher.<\/p>\n The price of SRM has since struggled to regain the bullish pattern as it trades below the 50 and 200 Exponential Moving Averages (EMA) daily. The prices at $0.9 and $1.6 correspond to the 50 and 200 EMA acting as resistance to the SRM price.<\/p>\n Daily resistance for the SRM price \u2013 $0.9.<\/p>\n Daily support for the SRM price \u2013 $0.75.<\/p>\n
\nDaily SRM Price Chart | Source: SRMUSDT On Tradingview.com<\/a><\/p>\n
\nFour-Hourly SRM Price Chart | Source: SRMUSDT On Tradingview.com<\/a><\/p>\n
\nDaily SRM Price Chart | Source: SRMUSDT On Tradingview.com<\/a><\/p>\n