Thu, March 28

Serum (SRM) Price Prediction 2023 — Will SRM Hit $2 Soon?

Serum (SRM) Price Prediction 2023 Crypto Price Prediction
  • 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)  
SRM Current Market Status (Source: CoinGecko)

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.

SRM /USDT Horizontal Channel Pattern (Source: Tradingview)

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).

SRM /USDT Support and Resistance Levels (Source: Tradingview)

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
SRM Resistance & Support Level

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.

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

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.

SRM /USDT ADX, RVI (Source: Tradingview)

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).

BTC Vs ETH Vs SRM  Price Comparison (Source: Tradingview)

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

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 purchase Serum (SRM)?

Serum (SRM)  has been listed on many crypto exchanges which include Binance, OKX, Bybit, BingX, and XT.COM.

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

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.

5. Is Serum (SRM)  a good investment in 2022?

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.

6. Can Serum (SRM)  reach $2?

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.

7. What will be Serum (SRM)  price by 2024?

Serum (SRM)  price is expected to reach $5 by 2024.

8. What will be Serum (SRM)  price by 2025?

Serum (SRM)  price is expected to reach $10 by 2025.

9. What will be Serum (SRM)  price by 2026?

Serum (SRM)  price is expected to reach $17 by 2026.

10. What will be Serum (SRM)  price by 2027?

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.

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.