SIREN Crypto Faces Potential Correction After 150% Surge to Record High

SIREN crypto (SIREN) surged by 156% to reach a new all-time high of $3, fueled by the growing interest in AI Agents. However, signs of a potential correction are emerging, as key indicators suggest the recent rally may be losing momentum.

Key Takeaways

The SIREN token reached an all-time high of $3.00 after a significant 156% increase.
The Money Flow Index (MFI) hit 82.96, a level associated with prior corrections.
Traders are focused on the $2.07 support level to avoid a decline towards $1.50.

Siren crypto (SIREN) just ripped 156% to a new all-time high of $3 driven by the exploding AI Agents narrative. But the rally is showing immediate signs of exhaustion.

Price Analysis of SIREN: Is $2.07 Support Sustainable After the ATH?

Despite the impressive parabolic growth, the overall market structure indicates a cautious outlook for SIREN. The Money Flow Index (MFI) currently sits at 82.96, which has historically signaled a potential downturn after reaching such levels. Notably, on previous occasions—February 7, February 27, and March 15—every time the MFI surpassed 80, the price faced a quick decline shortly thereafter.

After reaching a high of $3.00, SIREN has witnessed a strong rejection, lending credence to the bearish perspective. In this case, the Chaikin Money Flow (CMF) recorded a lower high of 0.14, even as the price set a new high. This divergence suggests that a price correction may be on the horizon, with capital seeming to exit despite rising prices.

The market structure appears delicate as traders keep a close eye on the $2.07 support level. A drop below this point could quickly lead to the 38.2% retracement level, which would further increase the risk of decline. Falling below $2.00 could pave the way for a severe drop to $1.50.

This scenario aligns with broader market trends, such as recent short-selling by whales on Bitcoin, which has historically preceded weakness in altcoins. To challenge the current bearish sentiment, SIREN would need to close above $2.60 on a daily basis to negate the observed divergence. Until then, the downward pressure remains strong.

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