Flirting! Serum (SRM) Will Be More 'Beautiful' In The Crypto Market! - Kakiforex.com - Financial Market Media No. 1 in the World Flirting! Serum (SRM) Will Be More 'Beautiful' In The Crypto Market! Flirting! Serum (SRM) Will Be More 'Beautiful' In The Crypto Market!
InstaForex

August 3, 2021

Flirting! Serum (SRM) Will Be More 'Beautiful' In The Crypto Market!

 Serum, an exchange decentralization (DEX) built on Solana’s blockchain ecosystem has caught the attention of investors when witnessing a good reputation in the market.


Along with the movement of the Bitcoin price became the impact on Serum producing 80% spikes consistently.


Recently, Serum shared an updated roadmap for building on DEX’s success.


Serum's continued path towards mass adoption.https: //t.co/jgubrBEKOP


- Serum (@ProjectSerum) July 30, 2021


The updated roadmap develops a standard API interface to DEX Serum.


Project in the Serum ecosystem, develop market maker incentive programs, and optimize RPC server performance for DEX operations.


Looking at the SRM/USDT chart, the SRM price movement is seen to have hit its latest high around $ 4.29 in the past few days.



SRM started rising consistently at the end of July until the August market opening produced over 80% of the surge.


From a technical point of view, it seems that the price movement is now showing a downward trend to retest the SBR (support become resistance) zone around $ 3.8.


If the SRM price movement remains with the downtrend, the SBR zone around $ 3.8 will be tested first before continuing the decline to the lowest level or it is just a retracement.


However, if the price movement again shows an uptrend, the resistance zone around $ 4.2 will be the next focus to be tested again before making a higher rise.


Higher gains will occur if market sentiment supports stronger current price movements.


At the time of writing, SRM/USDT is trading at around $ 3.8 down over 1% in the last 24 hours. Coins are currently ranked 169th in the crypto market.