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Serum Price Forecast: Technical Analysis and Market Prospects

Aug 21, 2024
  1. Overview and Current Data
  2. Current and Predicted Serum Price Analysis
  3. Conclusion

Our Serum (SRM) price forecast is based on technical analysis and market data. The article presents current indicators and market prospects for this cryptocurrency.

Overview and Current Data

The cryptocurrency Serum (ticker: SRM) is currently trading at $0.03069. Its market cap is $18,562,024 with a 24-hour trading volume of $790,683. The circulating supply is 263,244,669 coins. Over the past day, SRM has demonstrated stability with a high of $0.03119 and a low of $0.03023. Current indicators include: - Sentiment: Bearish - Fear and Greed Index: 26 (Fear) - Green Days: 14/30 (47%)

Current and Predicted Serum Price Analysis

Technical analysis shows that Serum's price, despite recent declines, is in a consolidation phase, suggesting a potential future breakout. Current SMA indicators for various periods (3, 5, 10, 21, 50, 100, 200 days) range from 0.03128 to 0.04518, all indicating a sell. Exponential moving averages (EMA) also suggest a sell. The price forecast for 2024 anticipates SRM trading between $0.030 and $0.0399 with an average value of $0.0367. In 2025, the price range is expected to be between $0.0534 and $0.0622 with an average value of $0.0548. By 2030, the forecast suggests prices between $0.3671 and $0.4416 with an average value of $0.3801.

Conclusion

Based on the current analysis, Serum cryptocurrency shows potential for long-term growth. However, potential risks such as market crashes or challenging regulations could affect this scenario's realization. Current data and predictions indicate significant price increases over the coming years.

The analysis confirms that Serum has growth potential, particularly under favorable market conditions.

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