SRM is increasing again after correcting to the $3 zone, which is a good sign for the possibility of a rally to the $4 and $5 zones by the end of July. However, if SRM loses the $3 zone, it will receive a strong selling force with a target around the $2.20 zone

🔴Buy : 2.93-3.07$. SL if B 🔴Buy : 3.9-4.1$ if A. SL if B
🔴Sell : 3.9-4.1$. SL if A 🔴Sell : 4.85-5.15$. SL if A
🔵Sell : 2.93-3.07$ if B. SL if A 🔵Buy : 2.15-2.25$ if A. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Serum is a decentralized derivatives exchange project that enables cross-chain trading.
  • The project is a collaboration between FTX, a centralized derivatives trading platform, and Solana, a low-cost, interoperable blockchain featuring smart contracts.
  • The Serum project will also feature SerumBTC and a SerumUSD stablecoin that will exist as SPL and ERC20 tokens, making it possible to offer physically settled cross-chain contracts.
  • The Serum project is powered by the SRM governance token, which also provides discounts on trading on Serum, and is burnt with revenue earned from transactions on the network.
  • 1 million SRM make up a MSRM, which is the amount needed to participate in operating a staking node that helps decentralize the network and offer support in transaction settlement validation.