A Altcoin, who worked on the Solana network and has become popular recently, has become a star shining on investors’s radar during March. The cost of coin increased by 1,024 %in a month, reaching the highest level of a new time (AD) almost every day. But now there is only one question in the minds of investors: will this rise continue, or have we been approaching the end?
Although the Altcoin project rally is impressive, technical indicators give slowing signals. Especially if the negative correlation with Bitcoin reverses, this output may not continue. As Kriptokoin.com, we convey the details and expert opinions.
This Altcoin rose independent of Bitcoin! However, technical indicators give alarm
The correlation of Saros with Bitcoin is currently at -0.43. In other words, Saros rose as BTC fell. This separation provided Saros a great advantage during the weakness in BTC in March. However, if Bitcoin begins to recover, this negative correlation may reversal and sales pressure on Saros may occur.
In particular, Bitcoin’s re -strengthening may cause investors to turn their attention back into big money. This can trigger short -term corrections in Altcoins such as Saros.
CMF indicator in excessive purchase: Snow sales for Altcoin can start
The interest in Saros Coin was also reflected in technical indicators. Chaikin Money Flow (CMF) data confirms that there is a powerful capital input during March. When the CMF value exceeds 0.7, historically correction movements are seen.
This shows that investors make serious gains and can now turn to profit realization. If these sales start, there may be harsh retreats in the price of Saros.
Saros continues to make ATH but critical levels have been determined
Saros, which has increased by 1024 %since the beginning of March, is currently traded for $ 0.153. The last ADH level is 0.163 dollars. If the procurement pressure continues, the price seems to be possible to rise to $ 0.20.
However, $ 0.100 support should be maintained to make this rise sustainable. Otherwise, Saros can first retreat to this level and then to $ 0.055. This may cause the rise trend to completely deteriorate. For this reason, investors need to follow these two critical levels closely.
