Serum (SRM) has struggled against tether (USDT) in recent weeks, rising above $0.8 as the price of Serum (SRM) remains range-bound. For weeks, the price of Bitcoin (BTC) fluctuated between $19,500 and $20,000, with the price stalling on the next movement. Most altcoins, including Serum, have been affected by this choppy movement (SRM). (Source: Binance) Related Reading: Polkadot Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days? Serum (SRM) Price Analysis On The Weekly Chart The price of SRM has had difficulty replicating its recent bullish move, which saw the price rally to $3.5 as the price rallied with a good bullish sentiment. SRM has struggled to stay afloat after falling from an all-time high of $13, as the price continues to fall with no sign of a major bounce. With the current indicators, SRM could be poised to rally from its weekly low of $0.8 to around $1.2. The price of SRM is encountering resistance at $1; if the price of SRM flips this region, we may see the price rise to new heights. If the price of SRM maintains this bullish structure, we could see the price of SRM breaking off of its first resistance at $1 with more buy volumes. Weekly resistance for the price of SRM – $1. Weekly support for the price of SRM – $0.75. Price Analysis Of SRM On The Daily (1D) Chart After rallying from its daily low, the price of SRM was rejected and is struggling to break out in a range channel. A break above ...
