SIREN crypto (SIREN) surged 156% to reach a new all-time high of $3, driven by the AI Agents narrative. However, the rally shows signs of exhaustion, with a bearish divergence on the Money Flow Index (MFI) suggesting a potential correction. A $22 million liquidation event has left leverage traders vulnerable to a sharp reversal.
Despite outperforming Bitcoin by over 80% in the last 24 hours, on-chain data indicates thinning volume, raising concerns about the sustainability of the rally. The MFI spiked to 82.96, a level historically associated with corrections for SIREN. Traders are closely monitoring the $2.07 support level, as a breakdown could lead to a drop to $1.50. A daily close above $2.60 is needed to invalidate the bearish divergence and sustain upward momentum.
SIREN Crypto Faces Correction Risk After 156% Surge to $3 ATH
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