Saros Token Surges 100% After Flash Crash, Signals Volatile Trading Ahead
Saros (SAROS) rebounded sharply, climbing 103% in 24 hours after a brief flash crash driven by leveraged liquidations. Despite the broader crypto market slipping 3% to a $3.9 trillion cap, SAROS volume topped $107 million. Over the week, the token still trails 11% from earlier highs. The Saros team attributed the volatility to market-driven position reductions on centralized exchanges and confirmed no project allocation sales. Technical indicators show SAROS trading below its mid and lower Bollinger Bands at $0.38 and $0.35, with a Money Flow Index of 21 pointing to oversold conditions. Key resistance sits near $0.38, while critical support lies around $0.20. Traders should watch for a reclaim of the $0.35–$0.38 range to signal renewed bullish momentum; failure to do so could push prices back toward recent lows.
Neutral
The dramatic 103% rebound of Saros after a liquidation-driven flash crash underlines extreme volatility rather than a sustained uptrend. While heavy volume and oversold indicators suggest short-term bounce potential, the token remains below key Bollinger Bands and within a wider downtrend after an 11% weekly loss. Similar flash crash recoveries in altcoins have often led to fleeting rallies followed by renewed selling pressure. Traders should remain cautious: regaining the $0.35–$0.38 range could trigger further upside, but failure to hold these levels could quickly reverse gains, reflecting a balanced outlook.