TL;DR Breakdown The Serum price analysis for today is bearish.The SRM/USDT price currently rests at $12.5.The resistance is at $13.6, which remains unbroken.Major support is present at $10.2. The Serum price analysis for today is certainly bearish as the coin is currently seeing heavy pressure from bears. The bulls have been in charge of the price action as the cryptocurrency surged from $7.2 to $13.7 from 8th September to 11th September. This huge surge in the price of the coin attracted a lot of investors who were impressed by the brilliant performance of the coin. From the data provided by Coinmarketcap, it can be seen that the currency is trading with an increase in the trading volume by a whopping 74.65 percent. The market capitalization has also surged by around 24.25 percent. These metrics are very important because it can be seen that the surge in trading volumes and market cap means that the cryptocurrency is experiencing bullish growth for now. Considering the movement of Bitcoin today, the king of cryptocurrencies has dropped below the support at $46K but bounced off from the support at $44.7K, which still holds. This shows that Bitcoin might reclaim the support at $46K, as we can see a few green candles in the 4-hour chart. But in the short term, it is expected that Bitcoin might fall more since the trend is still bearish overall. 4-hours Serum price analysis: Technical indicators turning a little bearish Although...
