SRM

Fundamental Analysis

Introduce

Serum is a completely decentralized derivatives exchange with trustless cross-chain trading brought to you by Project Serum, in collaboration with a consortium of crypto trading and DeFi experts. While we built the Serum protocol, it is permissionless – we do not hold special power anymore. It is up to you, the crypto community, to use it as you will.

BasicInfo

Technical Analysis

Kline Data

Analysis

The asset experienced significant volatility over the last 30 days, with a noticeable downtrend beginning around December 5th after peaking at approximately 0.05082. This decline was marked by a series of lower highs and lower lows, suggesting bearish momentum. There was a brief consolidation phase between December 21st and December 24th with relatively low trading volume. A subsequent push higher occurred between December 25th to December 29th, followed by a return to the downward trend continuing until December 31st. The final closing price at 0.03174 is significantly lower than the earlier levels. Trading volume has fluctuated considerably, peaking around December 5th and December 8th with high volumes, then generally decreasing through the end of the period. The recent price action exhibits a lack of sustained upward pressure and decreasing volume, suggesting a weak buying force and continued downward risk. A period of accumulation might be developing based on the decreased price movement with lower volume, though the recent decrease in price suggests more downside is still possible. The data indicates a bearish trend is dominant.