SIREN jumps 10% despite falling volume: Can the uptrend stay intact?
SIREN surged over 10% to around $0.65 despite an 8.35% decline in trading volume to approximately $13.98M, highlighting a divergence between rising price strength and weakening spot market participation. The rally is approaching the key $0.70 resistance level, a historically significant for limiting upward moves. Technical indicators like Parabolic SAR and MACD support bullish momentum, with the MACD line rising above the signal line. Open Interest increased by 10.16% to $67.71M, indicating stronger derivatives engagement, while significant short liquidations—totaling $441.66K—suggest a short squeeze amplified the price surge. However, the decline in spot volume raises concerns about the sustainability of the rally above $0.70 without broader market participation.
ambcrypto03/16 18:01
