Realistic price targets
Evening fellow degens — wanted to generate a discussion on what price targets could realistically be hit if/when the merger completes - Since we are still at least a couple of weeks away and destined for sideways chop.
After looking deeper into the filings, float, price action, and volume, here’s what I think would actually need to happen for SRXH/EMJX to sustain a move toward $0.50+.
- SRXH appears to already have a very large float (500M+ according to multiple platforms), which means this likely needs sustained buying pressure to move materially. We’re probably talking 100M–200M+ volume over multiple days rather than just one morning spike.
- The market already knows about the merger, yet we’re still trading around the $0.11–$0.12 range. While it’s good we’re still near the lows this close to the merger timeline, it also suggests the market is still treating this as speculative until the deal officially closes and momentum returns.
- Every recent spike toward the $0.16–$0.17 range has been sold aggressively. Bag holders, swing traders are around here. Buyers will eventually need to hold higher levels for a true breakout instead of immediately selling into strength.
On the bullish side, the actual merger close could bring: aggressive PR, ticker-change momentum,
AI/crypto narrative hype, more Retail traders and potentially broader crypto strength if BTC continues trending up.
With all that said, I still think there’s a good speculative opportunity here — I’m just a bit more cautious on how explosive the move can realistically be in the short term due to the float size. I think up to 0.4 is reasonable but getting 0.5 + we would need pretty much everything to align and be perfect 😭
Curious what everyone thinks could be a good price target and why— thanks for reading🤝🏾