The market structure for $SIREN indicates a volatile consolidation phase following a massive, explosive spike on the hourly chart. The asset experienced an incredibly sharp vertical expansion that squeezed shorts all the way up to the 0.99114 level before facing a sudden wave of profit-taking. Despite the intense pullback from the peak, buyers have actively stepped in to defend the lower boundaries of the newly established trading range, cushioning the decline well above the macro bottom of 0.51503. Currently stabilizing at 0.71199 with a gain of over 20%, the asset is building up energy as it absorbs local supply, and a successful defense of this current support area could easily set the stage for a secondary rally to retest overhead liquidity.
Target 1: 0.82000
Target 2: 0.91000
Target 3: 0.99000
#SIREN #CryptoTrading #Altcoins