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Serum prices are under pressure and could track lower to $4. On the other hand, THETA prices are relatively firm. THETA/USDT may reach $16 if buyers break above $9.5.
THETA
THETA is a blockchain-based video-streaming platform competing with YouTube and other centralized versions. Central to the project is the THETA coin.
Past Performance of THETA
Reading from THETA/USDT technical analysis, the coin is in range mode, inside May 19 bear bar.
As of writing, the price is down nine percent against the USD and near break-even versus ETH and BTC.
Meanwhile, trading volumes are decent, rising 87 percent to $715 million on the last trading day.
Day-Ahead and What to Expect
Technical candlestick arrangements favor sellers in the short term.
Since THETA/USDT prices range inside May 19 bear bar, bears have the upper hand from volume analysis.
Also, THETA/USDT prices are below the middle BB, trading in a bear breakout pattern after a strong upsurge over the last five months.
THETA/USDT Technical Analysis
THETA found resistance at the middle BB.
With prices capped inside May 19 bear candlestick and $9.5, sellers have the upper hand.
Every low may be a loading opportunity for sellers targeting $4—the 78.6 percent Fibonacci retracement of the last five months—and $3.
A high volume swing above $9.5 could see the price race back to $16.
Serum (SRM)
The Solana-based DEX enables cheap transactions in a highly scalable environment enhancing user experience.
Past Performance of SRM
For instance, at spot rates, SRM trading volumes and prices are down, signaling possible profit-taking and shift in trend.
Still, if prices take a turn for the positive in the next session, rewinding recent losses, bulls may take charge.
Day-Ahead and What to Expect: Serum
SRM/USDT technical analysis aligns in favor of sellers in the short term.
After peaking at $13.5, SRM prices sunk to March 2021 lows, wiping over 80 percent of the last five months’ gains. Moreover, SRM/USDT prices are below the middle BB, confirming sellers.
Therefore, if SRM dump once more, it would prove that the gains of the last day were a dead cat bounce.
SRM/USDT Technical Analysis
SRM/USDT prices are within a $2.5 zone with clear resistance and support at $6.5 and $4, respectively.
Losses below $4 confirm sellers of May 19 in a bear trend continuation pattern towards $1.5—or worse.
On the flip side, gains above $6.5 may reinvigorate bulls targeting $13.5.