Saros Rockets Over 100% After Flash Crash: What’s Going On?

TL;DR SARO spikes 100% despite broader market decline, signaling unusual resilience in volatile trading ￰0￱ highlight critical support near $0.20 and resistance around $0.38 for the asset’s price ￰1￱ crash wick suggests liquidation-driven volatility, with traders debating bounce potential or further ￰2￱ Action and Market Context Saros (SAROS) climbed sharply in the last 24 hours, trading near $0.34 with daily gains of around 103% after a flash crash that transpired yesterday. Today’s surge came even as the broader crypto market fell 3% to a capitalization of about $3.9 ￰3￱ a weekly scale, though, SAROS remains down roughly 11%, showing continued volatility after touching highs near $0.42 earlier this month.

Meanwhile, trading volume rose above $107 million, pointing to heavy ￰4￱ move followed a sharp liquidity flush where price briefly dipped aggressively before rebounding, a pattern often tied to highly leveraged positions being ￰5￱ Team Response The Saros team addressed the price action in a market ￰6￱ linked the volatility to leveraged traders reducing positions on centralized exchanges. “Based on our ongoing investigations and available data, we believe this is a market-driven adjustment, potentially involving a large, highly-leveraged position reducing its exposure,” the statement ￰7￱ added that no Saros team or long-term investor allocations were sold during this period.

“Our treasury and key partners remain committed to our project,” they ￰8￱ update reiterated the team’s focus on building Saros as a liquidity backbone for the Solana ￰9￱ Indicators and Short-Term Outlook Analyst Nehal urged caution, posting “$SAROS SELL NOW” and flagging weakness in the ￰10￱ chart showed resistance near $0.39, with potential downside toward $0.20 if momentum fails to ￰11￱ daily charts, SAROS trades under the middle Bollinger Band at $0.38 and also below the lower band at $0.35, placing the token in oversold ￰12￱ addition, the Money Flow Index (MFI) is at 21, suggesting heavy selling ￰13￱ this reflects oversold conditions, failure to reclaim the band levels could extend bearish momentum.