Serum has been a very strong performer these past few days and doubled in price in less than two weeks. Very good.
Right now we find ourselves under the $11 resistance line which is likely to keep us under it for a while before we attempt a breech towards our next significant target at $15.
We may consolidate here or re-test our ascending support. Depends on...
SRM is a great project that has yet to reach a price that is respecting its ambition. This was a great FIB retest. This based on TA is a great buying level
Fundamentals:
Serum is a decentralized exchange (DEX) and an ecosystem that brings high speed and low transaction costs to decentralized finance (DeFi). It is permissionless and is built on the Solana blockchain.
Serum was created to eliminate the vulnerabilities in the current DeFi space that exist due to incomplete decentralization. It is claimed to be fully...
Serum barely felt the correction from yesterday and today we're back in force recovering all the loss and breaching a key resistance at around $6.4. Any more push up and we're going to breakout towards our current ATH of $8.15.
This is a very bullish price action and want you want to see when you are looking for longs.
Indicators are looking sexy on almost all...
SRM just broke resistance and also formed a very nice inverted head and shoulders... we broke the neckline of this formation which means one thing - BULLISH!
MACD is bullish, RSI is climbing, looking good. :)
Volume also looking healthy on this breakout. I expect higher levels. First target at $6.42 then $8.15 which is also our ATH. These levels should provide...
