SAROS price is trading at $0.402, holding firmly above the $0.401 support level. This support has remained intact for over a week, indicating strong investor confidence. The stability provides a foundation for SAROS to attempt recovery.
The altcoin is only 8.6% away from its all-time high of $0.436. With the 50-day EMA positioned well below current levels, acting as support, SAROS has technical strength. A bounce off $0.401 could allow the token to retest the ATH this week, boosting investor sentiment further.
However, risks remain if bullish momentum weakens. SAROS price could slip under $0.401 support and extend losses to $0.377. Such a drop would invalidate the bullish thesis, signaling a potential bearish reversal.
The altcoin is only 8.6% away from its all-time high of $0.436. With the 50-day EMA positioned well below current levels, acting as support, SAROS has technical strength. A bounce off $0.401 could allow the token to retest the ATH this week, boosting investor sentiment further.
However, risks remain if bullish momentum weakens. SAROS price could slip under $0.401 support and extend losses to $0.377. Such a drop would invalidate the bullish thesis, signaling a potential bearish reversal.
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Truly Unbiased Cryptocurrency News beincrypto.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.