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

Serum (SRM) Price Prediction 2022 - Will SRM Hit $10 Soon?
  • Bullish SRM price prediction is $1.156 to $4.169.
  • Serum (SRM) price might also reach $5 soon.
  • Bearish SRM  price prediction for 2022 is $0.730.

In Serum (SRM) price prediction 2022, 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

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

Moreover, Serum (SRM) has a circulating supply of 263,244,669 Serum. Currently, Serum (SRM) trades in cryptocurrency exchanges such as Binance, OKX, Bybit, BingX, and XT.COM.

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 2022

Serum (SRM) holds the 131st position on CoinGecko right now. SRM price prediction 2022 is explained below with a daily time frame.

SRM /USDT Descending Triangle Pattern (Source: Tradingview)

The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern.

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

Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

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

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$1.156
Resistance Level 2$1.753
Resistance Level 3$2.721
Resistance Level 4$4.169
Support Level$0.730
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 $4.169.

Accordingly, if the investors turn against crypto, the price of Serum (SRM)  might plummet to almost $0.730, a bearish signal.

Serum (SRM) Price Prediction 2022 — 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 below 50 MA (short-term), so it is in a downtrend. 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 45.93. This means that Serum (SRM) is in a nearly oversold 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 2022 — 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 11.609 and thus, it indicates a weak 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 above 50, indicating high volatility. In fact, the RSI of Serum (SRM) is at 45.93 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 2023

If the declining price action completely slows down in momentum and the trend reverses,  Serum (SRM) might probably attain $9 by 2023.

Serum (SRM) Price Prediction 2024

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 $13 by 2024. 

Serum (SRM) Price Prediction 2025

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 2026

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 2027

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 2028

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 2028.

Serum (SRM) Price Prediction 2029

If investors flock in and continue to place their bets on Serum (SRM), it would witness major spikes. SRM might hit $34 by 2029.

Serum (SRM) Price Prediction 2030

With greater advancements in the Serum ecosystem, the crypto community might continue to invest in SRM for the next 8 years and drive significant price rallies for the token. Hence, Serum (SRM) might hit $40 by 2030.

Conclusion

With continuous improvements in the Serum  network, we can say that 2022 is a good year for SRM. For this reason, the bullish price prediction of Serum (SRM) in 2022 is $4.169. On the other hand,  the bearish price prediction of Serum (SRM) price prediction for 2022 is $0.730.

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 $5 if the investors believe that SRM is a good investment in 2022.

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 $5?

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 $5 soon.

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

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

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

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

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

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

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

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

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.

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