Serum Price Prediction 2022 – Will SRM Price Hit $10 Soon?

This Serum (SRM) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our SRM price analysis and prediction.

There are various cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some crypto assets also faced a price drop. As a result, many digital currency traders are worried about whether it is time to hold or sell their digital assets. This is also the same situation that crypto traders could experience in SRM.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will SRM experience the same price volatility? We’ll find out shortly in this SRM price analysis 2022 article.

What is Serum (SRM)?

Serum is a decentralized exchange (DEX) and an ecosystem that enables high speed and low transaction costs of decentralized finance (DeFi). Moreover, it is permissionless and is developed on the Solana blockchain. Moreover, Serum is created to eliminate the vulnerability in the present DeFi space that stays due to incomplete decentralization. More so, it is claimed to be fully decentralized and works on a non-custodial exchange with cross-chain trade support. In addition, there is no need for KYC.

However, Solana is a web-scale blockchain that could hit 50,000 transactions per second. Moreover, this is achieved via a verifiable delay function, known as SHA 265 hash chain, which enables optimistic concurrency control.

Added to this, Serum is developed by the Serum Foundation, backed by a team of experts in cryptocurrency, trading, and decentralized finance (DeFi). The project also has backing from a number of firms.

Now that we are clear about SRM do you think SRM will be beneficial crypto in 2022? Join me and let us see the charts in this SRM price analysis and SRM price prediction.

Serum (SRM) Current Market Status

As of the time of writing this Serum price analysis, SRM trades at $2.44 with a 24-hour trading volume of $87,548,661. The price of SRM has increased by 2.3% in the last 24 hours.

Currently, the top cryptocurrency exchanges for SRM are  Binance, Upbit, CoinTiger, FTX, and OKEx. Now, let’s go to the next part of this SRM technical analysis for 2022.

Serum (SRM) Price Analysis 2022

Currently, SRM holds 137th place on CoinGecko. But will the latest upgrades, development, and changes in the SRM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this SRM price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for SRM/USDT, we can deduce that the price of Serum might get bullish in some days since the price is almost breaking out at the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 44.67. This shows that Serum (SRM) is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and the 100-MA is close to some previous candlestick, the price of the coin might decrease soon.

Serum (SRM) Price Prediction

The chart below shows that SRM has increased by 2.3% in the past seven days. Moreover, the SRM price shows a bullish trend. If this trend continues, SRM might run along with the bulls, overtaking its $2.59 at resistance1 level and moving higher to $8.87 at resistance5 level, the 2022 bullish signal.

Conversely, if the investors turn towards the crypto, the bears might take over and push SRM from its uptrend position. In simpler terms, the price of SRM might plummet to almost $1.51, a bearish signal.

Meanwhile, our long-term SRM price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.

Serum (SRM) Price Prediction 2022

If this bullish trend continues, Serum (SRM) will reach $8.87 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $3.61. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $10 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Serum (SRM) Price Prediction 2023

The price of Serum (SRM) can move even great heights, however reaching $20 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency SRM breaks past the psychological resistance level.

Serum (SRM) Price Prediction 2024

The price of the Serum (SRM) can move even great heights, however reaching $50 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency SRM breaks past the psychological resistance level.

Serum (SRM) Price Prediction 2025

In the next four years, Serum (SRM) prices could race up to $80. However, reaching this level could not be so difficult for Serum as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SRM has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

Serum (SRM) Price Prediction 2026

In the next five years, Serum (SRM) prices could race up to $200. However, reaching this level could not be so difficult for Serum as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SRM has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Serum has a bright future ahead of it in 2022. With the ongoing developments happening within the SRM ecosystem, as well as in the overall crypto market, we may see SRM reach new heights.

Bullish SRM price prediction 2022 is $8.87. As said above, it may even reach its new ATH if investors have decided that SRM is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.