Siren crypto (SIREN) just soared 156% to a new all-time high of $3, driven by the explosion AI Agents narrative. But the rally is showing immediate signs of exhaustion.
A massive bearish divergence on the Money Flow Index (MFI) suggests the top has been reached, and a $22 million liquidation event has exposed leveraged traders to a sharp reversal.
The token outperformed Bitcoin by over 80% in the last 24 hours. Yet the on-chain data presents a clear warning: volume decreases as volume increases. The count is confirmed until proven otherwise.
- Rally: SIREN reached an ATH of $3.00 after a 156% daily surge.
- Signal: MFI reached 82.96, a level that triggered three previous corrections.
- Support: Bulls must maintain the $2.07 level to avoid a fall to $1.50.
SIREN Price Analysis: Can SIREN Hold $2.07 Support After ATH Breakout?
The structure of the chart encourages caution despite the parabolic movement. The money flow index (MFI) is currently set at 82.96. Historically, this is the death zone for SIREN gatherings. The vertical lines on the daily chart mark February 7, February 27, and March 15: each time the MFI crossed the threshold of 80, the price collapsed shortly after.
The $3.00 high triggered a sharp rejection, validating the bearish thesis. Chaikin Money Flow (CMF) posted a lower high of 0.14 while the price reached a higher high. This implies that a (price correction) is imminent, as capital leaves even if prices rise.
The structure here is fragile. Traders are closely watching the $2.07 level. If you lose this, the 38.2% retracement level quickly comes into play.
A breakdown below $2.00 opens the way to $1.50. This is consistent with risks seen elsewhere, such as recent whale short-selling activity on Bitcoin, which often precedes altcoin weakness. The only upside path requires a daily close above $2.60 to invalidate the divergence. In the meantime, the bears are in control.
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The article SIREN Crypto Risks ‘Structural Correction’ After 150% Rally to All-Time High appeared first on Cryptonews.
