Serum (SRM) Price Prediction 2023 — Will SRM Hit $2 Soon?
- Bullish SRM price prediction is $0.6633 to $1.5112.
- Serum (SRM) price might also reach $2 soon.
- Bearish SRM price prediction for 2023 is $0.1052.
In Serum (SRM) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about SRM to analyze the future movement of the cryptocurrency.
Serum (SRM) Current Market Status
| Current Price | $0.421131 |
| 24 – Hour Trading Volume | $50,516,149 |
| 24 – Hour Price Change | 10.3% up |
| Circulating Supply | 372,782,297 |
| All – Time High | $13.78 (On Sep 11, 2021) |
What is Serum (SRM)?
Serum is a Solana-based decentralized exchange software that allows traders to buy and sell cryptocurrency. If this is new to you, Solana is a blockchain platform that seeks to boost user scalability by accelerating transaction settlement times.
Serum (SRM) Price Prediction 2023
Serum (SRM) holds the 187th position on CoinGecko right now. SRM price prediction 2023 is explained below with a daily time frame.
The above chart of SRM laid out the Horizontal Channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways.
Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows.
Currently, Serum (SRM) is in the range of $0.456916. If the pattern continues, the price of SRM might reach the resistance levels of $0.5123 and $2.2625. If the trend reverses, then the price of SRM may fall to $0.2490, & $0.1191.
Serum (SRM) Support and Resistance Levels
The chart below shows the support and resistance levels of Serum (SRM).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Serum (SRM).
| Resistance Level 1 | $0.6633 |
| Resistance Level 2 | $1.5112 |
| Support Level 1 | $0.2657 |
| Support Level 2 | $0.1052 |
The charts show that Serum (SRM) has performed a bullish trend over the past month. If this trend continues, SRM might run along with the bulls overtaking its resistance level at $1.5112.
Accordingly, if the investors turn against crypto, the price of Serum (SRM) might plummet to almost $0.1052, a bearish signal.
Serum (SRM) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Serum (SRM) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of SRM lies above the cutoff line, indicating strong participants in the current trend.
Also, the Moving Average (MA) of Serum (SRM) is shown in the chart above. Notably, Serum’s (SRM) price lies above 50 MA (short-term), so it is in a uptrend. Currently, SRM has entered a bullish state. Therefore, there is a possibility of a reversal trend of SRM at any time.
Meanwhile, the relative strength index (RSI) of the SRM is 66.35. This means that Serum (SRM) is in a overbought state. However, this means a major price reversal of SRM may occur in the upcoming days. So, traders need to trade carefully.
Serum (SRM) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Serum (SRM). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Serum (SRM). Currently, the ADX of SRM lies in the range of 50.7244 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Serum (SRM). RVI measures the constant deviation of price changes over a period of time. The RVI of SRM lies below 50, indicating low volatility. In fact, the RSI of Serum (SRM) is at 66.35 thus confirming a potential sell signal.
Comparison of SRM with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Serum (SRM).
From the above chart, we can interpret the trend of SRM is moving in the same direction as BTC and ETH. That is when the price of BTC and ETH increases or decreases the price of SRM increases or decreases respectively.
Serum (SRM) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of SafePal (SFP) between 2024 and 2030.
Serum (SRM) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Serum (SRM) might probably attain $5 by 2024.
Serum (SRM) Price Prediction 2025
With several upgrades in the network, Serum (SRM) might enter a bullish trajectory. If the coin grabs the attention of major investors, SRM might rally to hit $10 by 2025.
Serum (SRM) Price Prediction 2026
If Serum (SRM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, SRM would rally to hit $17.
Serum (SRM) Price Prediction 2027
If Serum (SRM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, SRM would rally to hit $21.
Serum (SRM) Price Prediction 2028
If Serum (SRM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, SRM would rally to hit $26.
Serum (SRM) Price Prediction 2029
If Serum (SRM) holds up a sSerumg stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, SRM would hit $30 in 2029.
Serum (SRM) Price Prediction 2030
If investors flock in and continue to place their bets on Serum (SRM), it would witness major spikes. SRM might hit $34 by 2030.
Conclusion
With continuous improvements in the Serum network, we can say that 2023 is a good year for SRM. For this reason, the bullish price prediction of Serum (SRM) in 2023 is $1.5112. On the other hand, the bearish price prediction of Serum (SRM) price prediction for 2023 is $0.1052.
Furthermore, with the advancements and upgrades to the Serum ecosystem, the performance of SRM would help to reach above its current all-time high (ATH) of $13.78 very soon. But, it might also reach $2 if the investors believe that SRM is a good investment in 2023.
FAQ
Serum (SRM), is a game-changing token that will rebuild the DeFi network and the decentralized derivatives market.
2. Where can you purchase Serum (SRM)?
Serum (SRM) has been listed on many crypto exchanges which include Binance, OKX, Bybit, BingX, and XT.COM.
With the ongoing developments and upgrades within the Serum platform, Serum (SRM) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Serum (SRM)?
On September 11, 2021, Serum (SRM) reached its new all-time high (ATH) of $13.78.
Serum (SRM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Serum in the past few months, SRM is considered a good investment in 2022.
Serum (SRM) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Serum (SRM) will hit $2 soon.
Serum (SRM) price is expected to reach $5 by 2024.
Serum (SRM) price is expected to reach $10 by 2025.
Serum (SRM) price is expected to reach $17 by 2026.
Serum (SRM) price is expected to reach $21 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/serum-srm-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
