According to reports from AMBCrypto, SIREN has demonstrated remarkable volatility, jumping 54% over the past day and 36% in the past hour to trade at $0.109. The memecoin had previously crashed more than 95% following a significant whale selloff, falling to a low of $0.07 after a whale dumped 670 million SIREN worth $64 million. Despite this recovery, the token remains below all major moving averages, signaling persistent bearish pressure. As reported by CoinMarketCap, the memecoin rallied to a local high of $0.112 before retracing slightly, showing continued upside volatility as selling activity cooled and market pressure eased.
As reported by AMBCrypto, spot buyers have stepped in during the decline and continued accumulating the dip. The memecoin recorded $623,000 in Spot Outflows over the past day, while Spot Inflows totaled $496,000, resulting in a negative Spot Netflow of $126,000. This represents a 686% decline in netflow, suggesting that buyers outpaced sellers and signaling continued accumulation. According to CoinMarketCap, funds have continued flowing out of exchanges over the past three days, with the memecoin's Spot Netflow remaining negative. This sustained outflow pattern indicates that market participants are maintaining their accumulation strategy despite recent price volatility.
According to AMBCrypto analysis, SIREN's Relative Strength Index (RSI) remains at 33, deep in bearish territory and hovering near oversold levels. The Bulls vs Bears indicator continues to reflect bearish control, with recent dip-buying activity yet to fully influence momentum. Under these conditions, SIREN could remain vulnerable to additional weakness, potentially slipping below $0.10 and seeking support near $0.05. However, if the $0.07 level holds, the memecoin could attempt a move toward $0.14. Market participants on Binance showed a stronger appetite for risk, with the Long/Short Ratio averaging 4.0, Top Trader Accounts at 4.6, and Top Trader Positions reaching 4.2, suggesting that traders remained heavily biased toward long positions and anticipated further upside.
