SRM May Hold Positions Above $0.75

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Serum (SRM) Price Prediction – September 15
Gravitational forces to the upside direction in the SRM/USD market operation have not been increasingly pushing northward as the crypto economy may hold positions above the $0.75 support line. The financial book of records has witnessed a low of $0.7342 and a high of $1.06 in the last thirty days’ sessions.

SRM Price Statistics:
SRM price now – $0.8015
SRM market cap – $211.2 million
SRM circulating supply – 263.2 million
SRM total supply – 1.1 billion
Coinmarketcap ranking – #132

Serum (SRM) Market
Key Levels:
Resistance levels: $1, $1.10, $1.20
Support levels: $0.75, $0.65, $0.55

SRM/USD – Daily Chart
The daily chart reveals that Serum trade operations may hold positions above the $0.75 support level despite the possibility of the crypto economy running downward back into a correction mode. Price is currently under the trend line of the 14-day SMA indicator, which is at $0.8405, underneath the $1.0303 value point of the 50-day SMA indicator. The Stochastic Oscillators have crossed southbound from the overbought region to 68.87 and 54.52 range values.

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What is expected of the SRM/USD market traders by the present?

The overall verdict regarding what could be the SRM/USD market traders in the face of the trading pace of the crypto economy is to exercise a degree of cautiousness because the price may still hold above the $0.75 level. That said, long-position placers may have to be alert for a rebounding motion that can surface against further active downward-trending pressures toward or around the point mentioned earlier before considering launching a buy order.

On the downside of the technical analysis, indicators suggest a relatively downward pressure is in force. But, it is not too suitable for sellers to now ride alongside for the risk of an untimely bounce-off that can surface in no time. The $0.75 pivotal support baseline will play a crucial role in determining the accuracy of bears should the moves to the south side turn aggressively toward the value line at no point.

SRM/BTC Price Analysis

In comparison, Serum has been building energy around a fairly rated high-trading range zone involving the trend lines of the SMAs over a couple of sessions. The cryptocurrency pair market may hold positions closely around the smaller SMA trading indicator for some time. The 50-day SMA trend line is closed over the 14-day SMA trend line. The Stochastic Oscillators have recently dipped into the ranges of 40 and 20. They have crossed back northbound to 38.79 and 46.41 range values. A bearish candlestick is in the making to denote the base crypto can still down for rebuilding a stance against its counter-trading crypto.

 

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