Solana-Based Altcoin Saros Soars 1000% in March, Sets New All-Time Highs Amid Market Divergence
Saros, a rising altcoin built on the Solana blockchain, delivered one of the most impressive rallies of the year in March—surging over 1,000% in just a few weeks and repeatedly setting new all-time highs (ATHs). As of early April, the token is trading at $0.153, with its most recent ATH recorded at $0.163. This explosive growth has sparked both enthusiasm and caution among investors.
A Rally Against the Grain
What sets Saros apart is its negative correlation with Bitcoin. While the broader crypto market—especially Bitcoin—faced downward pressure in March, Saros moved in the opposite direction. According to market data, the token holds a correlation coefficient of -0.43 with BTC, meaning as Bitcoin dipped, Saros gained traction. This rare inverse movement allowed Saros to break free from the gravitational pull of Bitcoin’s price action, offering traders a fresh opportunity for gains outside of major crypto cycles.
However, this divergence may not last forever. If Bitcoin regains bullish momentum, Saros could feel the squeeze, particularly if investors rotate back into BTC. The token's performance going forward may hinge on how this interrelationship evolves.
Signals of Saturation?
While Saros has enjoyed remarkable inflows, there are emerging signs that its bullish run could be losing steam. One such indicator is the Chaikin Money Flow (CMF), which has been trending steadily upwards over the past month. Recently, it crossed the critical +0.7 mark—a zone historically associated with overbought conditions and subsequent corrections.
This suggests that while investor appetite remains strong, the altcoin could be entering a phase where profit-taking becomes increasingly likely. If that occurs, Saros may retrace to test key support levels.
What’s Next for Saros?
Despite the possibility of a correction, Saros still has room to grow if momentum persists. If the current uptrend holds, the next target could be the psychological resistance of $0.200. However, a pullback is also on the table. Should selling pressure increase, Saros could retreat to its first major support at $0.100. A break below this level may invalidate the bullish outlook entirely, potentially pushing the price as low as $0.055.
Investors and traders should keep a close eye on price behavior near these critical zones, especially as market sentiment evolves and broader crypto trends begin to shift.