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.
