Market Overview for Serum (SRMUSDT) on 2025-08-05

• Serum (SRMUSDT) traded in a tight range with no clear breakout from key resistance.
• Momentum indicators showed mixed signals, with RSI hovering near the midpoint.
• Volatility remained subdued, with price clustered near the mid-Bollinger Band.
• No significant divergence between volume and price movement was observed.
• No strong candlestick patterns emerged to confirm a directional bias.

Market Overview

Serum (SRMUSDT) opened at $0.0705 on 2025-08-05, reaching a high of $0.0718 and a low of $0.0694, closing at $0.0707. The 24-hour volume was approximately 520 million SRM, with a notional turnover of $36.4 million.

Structure & Formations

Price action over the past 24 hours showed no strong directional bias, with Serum consolidating between key levels. A small bearish engulfing pattern appeared in the early part of the day, but it failed to carry through. No definitive reversal or continuation patterns emerged. Key support appears to be forming around $0.0694, while resistance remains at $0.0718.

Moving Averages

On the 15-minute chart, Serum’s price hovered just above the 20-period and 50-period moving averages, indicating short-term neutrality. The daily chart shows price trading above the 50- and 100-period MAs but below the 200-period MA, suggesting intermediate-term balance with a slight bearish bias.

MACD & RSI

The MACD remained near the zero line, with a very short histogram, indicating weak momentum. RSI ended the 24-hour period at 51, near the midpoint, reflecting no clear overbought or oversold conditions. Price may continue to range until a stronger move in either direction brings RSI closer to key thresholds.

Bollinger Bands

Volatility remained low, with Serum’s price remaining tightly within the Bollinger Bands for most of the period. The bands have begun to contract slightly, suggesting a potential breakout could be on the horizon, though no definitive signs have emerged.

Volume & Turnover

Volume and turnover were relatively stable, with no major spikes to suggest a liquidity event or wash trade. The lack of divergence between price and volume implies that the market may be in a balanced phase, with no dominant buyers or sellers at this stage.

Fibonacci Retracements

On the 15-minute chart, Serum’s recent swing from $0.0694 to $0.0718 corresponds to a potential 61.8% retrace level near $0.0706, where the price has tested but not decisively broken through. On the daily chart, the broader retracement levels suggest consolidation is likely until a clear move beyond $0.0730 or below $0.0685 occurs.

Over the next 24 hours, Serum may remain range-bound unless a clear catalyst emerges to break the current equilibrium. Investors should watch for a decisive close above $0.0718 or below $0.0694, as either could confirm a shift in sentiment. As always, volatility and volume will be key confirmators of any directional move.