cryptocurrency

Serum (SRM) Price Prediction 2022 – Will SRM Hit $5 Soon?

  • The bullish SRM price forecast is $1.156 to $4,169.
  • Serum (SRM) The price may also hit $5 soon.
  • The bearish SRM price prediction for 2022 is $0.730.

In Serum Price Predictions (SRM) for 2022, we use statistics, price patterns, RSI, RVOL, and other information about SRM to analyze the future movement of cryptocurrencies.

Serum (SRM) Current Market Status

according to Queen GekkoSerum (SRM) price is $0.7671 with a 24-hour trading volume of $22,326,996 at the time of writing. However, SRM has increased by about 0.06% in the last 24 hours.

Furthermore, Serum (SRM) has a circulating stock of 263,244,669 serums. Currently, Serum (SRM) is traded on crypto exchanges such as Binance, OKX, Bybit, BingX, and XT.COM.

What is Serum (SRM)?

Serum is a Solana-based decentralized exchange that allows traders to buy and sell cryptocurrencies. If this is new to you, Solana is a blockchain platform that seeks to enhance user scalability by speeding up transaction settlement times.

Serum (SRM) Prediction Price 2022

Serum (SRM) is currently ranked 131 on CoinGecko. The SRM price forecast for 2022 is explained below with a daily time frame.

SRM/USDT descending triangle pattern (Source: TradingView)

The descending triangle appears more commonly during bearish trends and is often interpreted as a bearish signal. The ascending triangle pattern is reflected in the descending triangle pattern.

As the price continues to make lower highs, the descending triangles are signaling to investors and traders that sellers are more aggressive than buyers. When the price breaks the triangle in the direction of the general trend, the pattern is completed.

Contrary to popular belief, a descending triangle can be either bullish or bearish. The regular descending triangle pattern is traditionally seen as a bearish chart pattern. On the other hand, the descending triangle pattern can be bullish.

Currently, Serum (SRM) is in the $0.7671 range. If the pattern continues, SRM price could reach the $0.917 and $1.156 resistance levels. If the trend reverses, the price of SRM could drop to $0.7214.

Support and Resistance Levels (SRM)

The chart below shows the support and resistance levels for Serum (SRM).

SR USDT Support and Resistance Levels (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the Serum (SRM) resistance and support levels.

resistance level 1 $1.156
resistance level 2 USD 1,753
resistance level 3 $2.721
resistance level 4 $4,169
Support level $0.730
SRM resistance and support level

The charts show that Serum (SRM) has had an upward trend over the past month. If this trend continues, SRM may work in tandem with the bulls breaking the resistance level at $4,169.

Accordingly, if investors turn against the cryptocurrency, the price of Serum (SRM) could drop to around $0.730, which is a bearish sign.

Serum (SRM) Price Prediction 2022 – RVOL, MA and RSI

Serum relative volume (RVOL) (SRM) is shown in the graph 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 is above the cutoff line, indicating strong participants in the current trend.

SRM/USDT RVOL, MA, RSI (Source: TradingView)

Also, serum moving average (MA) (SRM) is shown in the above graph. Notably, the price of Serum (SRM) is below 50 MA (short term), so it is in a downtrend. Currently, SRM is in an uptrend. Therefore, there is a possibility of a reversal of the trend of SRM at any time.

Meanwhile, the Relative Strength Index (RSI) for SRM is 45.93. This means that Serum (SRM) is almost in an oversold state. However, this means that a major reversal in the price of SRM may occur in the coming days. Therefore, traders need to trade carefully.

Serum (SRM) Price Prediction 2022 – ADX, RVI

Let us now look at the serum average trend index (ADX) index (SRM). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

SRM / USDT ADX, RVI (Source: TradingView)

The chart above represents the serum ADX index (SRM). Currently, the SRM ADX is in the range of 11.609, and therefore it indicates a weak trend.

The above graph also represents the serum relative volatility (RVI) index (SRM). RVI measures the continuous deviation of price changes over a period of time. The RVI for SRM is above 50, which indicates high volatility. In fact, the serum relative strength index (SRM) is at 45.93 confirming a possible sell signal.

Comparison of SRM, BTC and ETH

The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and Serum (SRM).

BTC vs ETH vs SRM Price Comparison (Source: TradingView)

From the above chart, we can interpret the direction of SRM’s movement in the same direction as BTC and ETH. This is when the price of BTC and ETH increases or the price of SRM decreases, increases or decreases, respectively.

Serum (SRM) Price Forecast 2023

If a price action drop completely slows in momentum and the trend reverses, Serum (SRM) Likely to make $9 by 2023.

Serum (SRM) Prediction Price 2024

With several network upgrades, Serum (SRM) may enter an upward trajectory. If the coin grabs the attention of major investors, the SRM could rise to $13 by 2024.

Serum (SRM) Prediction Price 2025

If Serum (SRM) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, SRM will rise to $17.

Serum (SRM) Price Forecast 2026

If Serum (SRM) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, the SRM will rise to $21.

Serum (SRM) Prediction Price 2027

If Serum (SRM) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, the SRM will rise to $26.

Serum (SRM) Price Forecast 2028

If Serum (SRM) maintains sSerumg’s position as a better investment option for the next six years amid trends in the highly volatile crypto market. By driving significant price hikes, SRM will reach $30 in 2028.

Serum (SRM) Prediction Price 2029

If investors flock and continue to place their bets on Serum (SRM), this will see huge spikes. SRM could reach $34 by 2029.

Serum (SRM) Prediction Price 2030

With greater advances in the Serum ecosystem, the crypto community may continue to invest in SRM over the next eight years and drive the price of the token significantly higher. Thus, Serum (SRM) could reach $40 by 2030.

conclusion

With the continuous improvements in the Serum network, we can say that 2022 is a good year for SRM. For this reason, the bullish price forecast for Serum (SRM) in 2022 is $4,169. On the other hand, the bearish price forecast for Serum Price Prediction (SRM) for 2022 is $0.730.

Moreover, with developments and upgrades in the Serum ecosystem, it will help the performance of SRM to reach an all-time high (ATH) of $13.78 very soon. But, it could also be $5 if investors think SRM is a good investment in 2022.

Instructions

1. What is Serum (SRM)?

Serum (SRM), is a game-changing token that will rebuild the DeFi network and the decentralized derivatives market.


2. Where can you buy Serum (SRM)?

Serum (SRM) is listed on several cryptocurrency exchanges including Binance, OKX, Bybit, BingX, and XT.COM.

3. Will the Serum (SRM) reach a new ATH soon?

With the continuous developments and upgrades within the Serum platform, Serum (SRM) has a high potential to reach ATH soon.


4. What is the current all-time high (ATH) of serum (SRM)?

On September 11, 2021, Serum (SRM) reached an all-time high (ATH) of $13.78.

5. Is SRM a good investment in 2022?

Serum (SRM) appears to be one of the best cryptocurrencies to gain this year. According to Serum’s accomplishments recorded in the past few months, SRM is a good investment in 2022.

6. Can an SRM go for $5?

Serum (SRM) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this uptrend continues, SRM will reach $5 soon.

7. What will be the serum price (SRM) by 2023?

The serum price (SRM) is expected to reach $9 by 2023.

8. What will be the serum price (SRM) by 2024?

Serum price (SRM) is expected to reach $13 by 2024.

9. What will be the price of a serum (SRM) by 2025?

Serum price (SRM) is expected to reach $17 by 2025.

10. What will be the serum price (SRM) by 2026?

The serum price (SRM) is expected to reach $21 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. Not to be construed as investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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