AFTERNOON UPDATE SIREN ANALYSIS ๐๐ฐ
I am tracking $SIREN closely as it approaches the resistance zone of ~$0.80038, with a 24h change of 20.33%, indicating a potential shift in market structure, and it's likely that the price will continue to rise if the current momentum is maintained, with a potential target of $0.85000, it shouldn't break the support zone of ~$0.55315, or the bullish outlook will be compromised ๐. The current price of $SIREN is hovering around $0.71390, which could lead to a significant increase in liquidity pools if the resistance zone is breached, potentially driving the price higher ๐ฐ.
The volume profile indicates a strong buying interest, with a 24h volume of $102.42M, and the funding rates are also supportive of a bullish move, with a current rate of 0.012%, and it's likely that $SIREN will continue to outperform its peers in the general altcoin sector, with a potential upside of 15% to 20% in the short term, and the order blocks are also forming a bullish pattern, with a potential breakout above $0.80038, which could lead to a significant increase in price ๐. The market structure shift is also indicating a potential change in trend, with $SIREN forming a higher high and a higher low, and it's likely that the price will continue to rise if the current momentum is maintained, with a potential target of $0.90000 ๐.
DYOR
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