Wait... $SIREN is up +6.16% today? 👀
Let me be real — after everything I researched about this token, I did NOT expect to be writing a green post about $SIREN.
But here we are. $0.03810. Up from the $0.03052 low. Volume today is 570.87M SIREN tokens — that's actually real activity coming back.
Now before anyone gets excited let me show you both charts because context matters 😅
The 1D short term chart looks interesting. Bounced clean off $0.03052, two green candles building, AVL at 0.03771 acting as support. MA(5) starting to curl up.
Then look at the bigger picture chart. $SIREN peaked at $0.75970. It's now at $0.03805. That's a 95% drop from peak. MA(5) at 518M is still way below MA(10) at 670M. The long term damage is deep.
So what's actually happening today?
Probably short covering. When a token drops 95% people who shorted it start closing positions — that buying pressure creates small green candles. It doesn't always mean recovery.
But here's my honest take —
I wrote about $SIREN's problems. The whale concentration. The empty website. The 99% crash. I stand by all of that.
But markets don't go straight down forever either. Even broken tokens get bounces.
Is this the start of something or just a dead cat bounce? Genuinely watching 👀
DAYOR: It's ot a financial advice
What do you think? 👇
$SIREN
#SİREN #BinanceSquareFamily