Search Inside Bitcoins

Serum Price Prediction for Today, November 16: SRM/USD Bullish Price Recovery 

Serum Price Prediction for Today, November 16: SRM/USD Bullish Price Recovery 
Serum Price Prediction for Today, November 16: SRM/USD Bullish Price Recovery 

Join Our Telegram channel to stay up to date on breaking news coverage

Serum Price Prediction for Today, November 16: SRM/USD Bullish Price Recovery 

 As the Serum market breaks out of the period of indecision, the bulls made one final attempt to capture the $0.812 resistance level, but the price got rejected. This resulted in a fast decline in the price and the price of the token dropped to $0.32. This new bearish stop becomes the new support. However, buyers could not hold their ground here as well, so the support shifts to $0.139. From here, the bullish trend begins. But buyers again face the obstacle of $0.32 resistance. This was the previous support level from which the price had fallen to $0.139 

Serum Market Price Statistic:

  • SRM/USD price now: $0.33
  •  SRM/USD market cap: $82,789,295
  •  SRM/USD circulating supply:263,244,669.00
  •  SRM/USD total supply: 1,092,844,982
  •  SRM/USD coin market ranking: #183

Key Levels

  • Resistance: $0.35, $0.4, $0.45
  • Support: $0.10, $0.09, $0.08

Serum Market Price Analysis: The Indicators’ Point of View

Although we have seen some significant increase in the buying pressure, the bull market has a long way to go in restoring the price. Apart from the fact that the price action is still below the 20-day moving average of the Bollinger indicator, the RSI line measures 37 for the market momentum. This information supports the bearish market sentiment. But in the MACD, the faded red histograms signify an increase in buying pressure. And the MACD line is attempting a rebound from the negative zone of the indicator. This may be the beginning of a bullish trend, but investors should wait till the MACD line crosses the signal line before placing a long trade.  

Serum Price Prediction for Today, November 16: SRM/USD Bullish Price Recovery 

SRM/USD 4-Hour Chart Outlook

This standpoint shows the buyers maintaining a strong support level which started yesterday up til today. And apart from the first session of today, the second session was bullish. But as the market approaches the resistance in the third session, we see a doji forming on the chart. This signifies an immense struggle between demand and supply. From the look of things, the price may enter another consolidation trend period

This Is the Best Time to Buy Dash 2 Trade (D2T) 

This is the perfect time to buy D2T tokens, and the main reason for this is that CZ of Binance has announced an industry recovery plan for crypto projects. The ongoing Dash 2 Trade presale has raised almost $6.5 million so far.

Related 

 

Dash 2 Trade - High Potential Presale

Our Rating

Dash 2 Trade
  • Active Presale Live Now - dash2trade.com
  • Native Token of Crypto Signals Ecosystem
  • KYC Verified & Audited
Dash 2 Trade

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!

X

Can This New Token Presale 100x?

Can This New Token Presale 100x?

Can This New Token Presale 100x?

X