Solana Altcoin Saros Rises 1000% in March, Forms New All-Time Highs
Saros, the Solana-based altcoin, has been on an impressive uptrend over the past month. The tokens price has formed new all-time highs (ATHs) nearly every day throughout March. However, with the momentum showing signs of slowing, investors are wondering if this rally is nearing its end. SAROS Refrains From Following Bitcoin The correlation between Saros and Bitcoin (BTC) is currently negative, sitting at -0.43. This negative correlation has worked in Saros‘ favor, as it allowed the altcoin to perform well during Bitcoin’s struggles throughout March. While Bitcoin faced significant declines, Saros was able to rally largely due to this inverse relationship. The shifting dynamics between Bitcoin and Saros will be key to the future price movement of the altcoin. Should Bitcoin regain its upward momentum, Saros may face increased selling pressure. This is because the negative correlation that has benefited Saros may reverse, impacting the altcoins ability to maintain its upward trajectory. SAROS Correlation to Bitcoin. Source: TradingView The overall macro momentum of Saros shows that investor interest has remained strong. The Chaikin Money Flow (CMF) indicator has been increasing steadily over the past month, signaling consistent inflows. Recently, it crossed the saturation threshold of 0.7, a level that has historically led to price corrections. This
