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BNB (BINANCECOIN)
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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
$108,703 3.01%
ethereum
Ethereum (ETHEREUM)
$2,654 4.16%
binancecoin
BNB (BINANCECOIN)
$658.73 1.74%
solana
Solana (SOLANA)
$158.51 3.75%
ripple
XRP (RIPPLE)
$2.32 7.12%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 2.53%
pepe
Pepe (PEPE)
$0.000011 2.54%
bonk
Bonk (BONK)
$0.000016 4.99%
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Seraph Price Spikes 12% Amid GoPlus Security Partnership - Bulls Eye $0.23

Highlights:

  • The price of Seraph has increased 12% in 24 hours, peaking at $0.2010 before retracing to $0.19.
  • Seraph partners with GoPlus Security to enhance security.
  • Seraph’s volume increases by 274.57%, with open interest rising by 18.17%, reinforcing the bullish outlook.

The Seraph price has been exhibiting phenomenal growth, with a 12% price increase in the past 24 hours. The increase in price led the token to peak at a value of $ 0.2010, and it is still gaining momentum even after small pullbacks. The price of the token on a 1-hour chart is exchanging hands at $0.19, indicating extremely bullish trends.

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Seraph Partnership with GoPlus Security Sparks Rally

The most recent collaboration between Seraph and GoPlusSecurity has introduced an additional security layer, enhancing market confidence. The partnership has successfully implemented the official SERAPH/USDT LP on PancakeSwap and locked it with GoPlus SafeToken Locker. This collaboration is dedicated to providing on-chain security, which involves locking liquidity pool (LP) NFTs, revoking the right to transfer, and ensuring traceability.

Seraph also provides its token holders with maximum security. This is ensured by updating the lock mechanism on a monthly basis, which maintains liquidity and prevents tampering. This step signifies the platform’s commitment to providing secure, transparent, and reliable cryptocurrency solutions in a rapidly evolving market.

This boosts Seraph, making it an even stronger component of the decentralized finance (DeFi) space, and ensuring that the community maintains the appropriate level of trust and growth.

Seraph Price Technical Outlook

The 1-hour chart timeframe of the Seraph price shows a bolstered bullish outlook, tilting the odds in favour of the bulls. The bulls have spiked out in a parabolic curve, with the immediate support established at the $0.1784 mark. This gives the bulls strength to rally towards the upside, as they target higher levels at $0.20 soon. 

Seraph Price
SERAPH/USD 1-hour chart: TradingView

The Relative Strength Index (RSI) of 68.28 proves that the token is close to being overbought. This indicates that further price movement is possible in the short run before a possible retracement.

On the other hand, the volume of Seraph is also quite impressive, with growth standing at 274.57%, totalling $8.33 million. Its open interest is up by 18.17% to $14.26 million. The recent analysis of derivatives data shows that Seraph’s long/short ratio currently stands at 1.02. This indicates that the number of traders opening positions on the long side, aiming to regain additional price growth, prevails over those opening positions on the short side. 

Seraph Derivatives Data. Source: CoinGlass

All these indicators suggest that Seraph and its liquidity pool are being actively utilized by market participants. Nevertheless, Seraph is also showing favorable investment interest, as evidenced by its high market dynamics despite the price spikes.

What’s Next for SERAPH?

According to market expectations, the Seraph price remains favorable, as interest in the market is high. Moreover, if the bullish outlook sustains and the support at $0.17 holds, the Seraph price could reclaim the $0.20 mark. In a highly bullish scenario, the token could rally towards $0.21, $0.22, and $0.23 in the near future. On the other hand, if the bears step in and early profiteering commences, Seraph may retrace toward the $0.1916 and $0.18 support zones.

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