SIREN Price Explodes Almost 50% in 24 Hours, Targets $1.70 Next
SIREN price climbed 43% in a single daily candle to $1.17, breaking above the $0.83 resistance area and reclaiming the 0.786 Fibonacci retracement at $1.07.
The token now sits in clear air below its descending trend line. Multiple indicators support continuation, while a parallel read from a well-known trader points to far higher targets if buyers retain control.
SIREN Daily Chart Breaks Multi-Month Resistance
The daily chart shows SIREN clearing the green resistance box near $0.83 and pushing through the 0.786 Fibonacci retracement at roughly $1.07. The next visible target sits just below the 0.618 retracement at about $1.70, which also coincides with the descending trend line drawn from prior swing highs.
An ascending trend line has guided the price higher since February. Four separate touches confirm it as active support, with one brief breakdown reclaimed three days later. That structure now sits well below the current price, leaving room before bulls would need to defend it again.
The Relative Strength Index (RSI) broke out from its own descending resistance and now reads 62, leaving headroom before overbought territory on the daily timeframe. The Bollinger Band Width Percentile (BBWP) is expanding from compressed levels, signaling that volatility has returned after weeks of consolidation. A daily close back inside the green box would weaken the breakout thesis.
Trader Identifies $2.26 and $3.15 as Next Key Levels
While the SIREN daily chart points toward $1.70 in the medium term, market commentator 0xVertix sees a much wider runway above the current price. The trader marked two resistance zones from the early-cycle distribution range that remain relevant overhead.
“$SIREN is starting to look dangerous in a good way … if bulls break the $2.26 key level with volume, the chart becomes very thin above it … next major level sits around $3.15 and after that the chart has room for a real vertical move small caps with low attention can move the hardest once liquidity comes in”
The framework adds context to the local breakout. A clean daily close above $2.26 with sustained volume could clear a thin liquidity zone toward $3.15, where prior selling absorbed buyers in late March.
That bullish projection only activates if the price first defends the levels named on the lower timeframe. The view aligns with broader interest in altcoins, showing fresh momentum after long compression.
SIREN Price Prediction Hinges on $1.07 Support Hold
The 4-hour chart confirms the bullish bias seen on the daily but also flags near-term overheating. SIREN tagged a high of $1.20 with a vertical green candle and printed the largest volume bar of the recent range, indicating aggressive demand. RSI on this timeframe sits near 86, deep in overbought territory.
A short-term retracement appears likely before any continuation toward the $1.70 area. Three-layered supports stand out on the 4-hour chart. The first is the 0.786 Fibonacci at $1.07, which now flips from resistance to first support. The second is the green box at roughly $0.85, marking the breakout origin. The third is the prior consolidation floor near $0.76.
A hold above $1.07 keeps the path open to $1.70 in the medium term. Loss of $0.85 would invalidate the breakout structure and shift control back to sellers. With volatility expanding and attention rotating toward small-cap tokens, SIREN’s next 4-hour candles could decide whether the move extends or cools off.
The post SIREN Price Explodes Almost 50% in 24 Hours, Targets $1.70 Next appeared first on BeInCrypto.
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