Serum price analysis reveals that today’s coins are bullish, as SRM / USD prices have skyrocketed after yesterday’s bulls gained momentum. Previously, SRM peaked at $ 0.998 and was rejected further upwards, followed by a two-day correction period. The amendments continued until July 11, 2022, and the bullish momentum returned yesterday. The bull continues to lead today, and the bullish momentum seems overwhelming. As a result, the price of SRM has reached a maximum of $ 1.052. The next resistance to cryptocurrencies is $ 1.136, which could bring back selling pressure.
SRM / USD Daily Price Chart: Bullish Momentum Revives After Short Corrections
Daily serum price analysis shows bullish momentum, and as bulls continue to work, further price increases are expected in the coming hours. The price has risen to $ 1.052, while gaining a value of 8.54% in the last 24 hours. And Coin has reported a 42.61 percent increase in value over the last seven days. At the same time, trading volume has increased by only 2.15%, demonstrating 0.03% market power.
Volatility increases as the Bollinger Bands slowly expand. The upper band is marked with $ 1.071 for resistance and the lower band is marked with $ 0.694 for support. Cryptocurrency.. The average of the indicators is $ 0.883 below the current price level. The moving average (MA) is $ 0.900, which is also below the price level. The Relative Strength Index (RSI) is trading on a sharp rise curve at index 61, suggesting overwhelming buying activity in the market.
Serum Price Analysis: Recent Developments and Further Technical Adaptations
A 4-hour serum price analysis shows that the coin price function is heading straight up from the start of the trading session as the Bulls regained their lead. Price breakouts at the start of trading are on the rise and bulls are steadily progressing. The moving average (MA) is trading at $ 0.996, above the SMA 50 and below the current price level.
Volatility is high, the indicators show more divergence, the Bollinger Bands have an upper limit of $ 1.059 and a lower limit of $ 0.914. Prices are trading near the highs, which are a sign of bullishness. The Relative Strength Index (RSI) is trading in the upper half of the neutral zone as the index is trading at index 63, but the curve is horizontal, suggesting increased selling pressure.
Conclusion of serum price analysis
Today’s serum price analysis is clearly bullish. The SRM / USD covers the upper range today after yesterday’s bullish initiative. We expect SRM to continue to improve in the coming hours, as the bullish momentum seems strong. On the other hand, the SRM / USD crypto pair may feel some resistance as the price is trading near the upper limit of the volatility index and the RSI curve of the hourly chart is also flat.
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