17.04.2026 09:13
SIREN’s price vaulted 151 % on Thursday, soaring to $2.25 before a brisk correction nudged it back down to roughly $1.66. This surge shattered a multi‑week consolidation that had been holding the token beneath its 20‑day moving average. While daily‑chart indicators continue to paint a bullish picture, the hourly timeframe flashes a cautionary note as momentum eases and sellers begin to emerge. Market participants are now eyeing the $1.37 Fibonacci level as the first hurdle where demand might reassert itself.
On the logarithmic daily chart, SIREN has consistently respected the 20‑day moving average as a dynamic support line since late January. Four distinct green arrows illustrate successful rebounds, until the trend finally gave way on March 31 with a –67 % red candle that pierced the moving average and sparked a sharp pullback. The token eventually found a floor at the 0.786 Fibonacci retracement around $0.173, calculated from the January 21 trough of $0.07 to the March 22 all‑time high of $4.73. After this bottom, SIREN retested the 20‑day average as resistance, lingered below it, and then, with conviction, broke through on a 151 % daily candle that also touched the 0.236 Fibonacci zone at $1.75. The Relative Strength Index sits at 61, comfortably within bullish territory without flirting with overbought levels, while the MACD histogram displays a series of increasingly tall green bars, suggesting that upward momentum is still gathering strength on higher time frames.
The short‑term outlook, however, tells a different story. During Thursday’s rally, SIREN peaked at $2.25, but sellers quickly took the reins, and Friday’s session has already erased about 16 % of those gains. The nearest downside target aligns with the 0.382 Fibonacci retracement near $1.37. Should this floor prove inadequate, the next zones of support would be the 0.618 “golden pocket” around $1.00, followed by the 0.786 level at approximately $0.81. Notably, the $0.81 region carries extra significance, as it coincides with a confluence of prior resistance and historical price action, potentially acting as a strong barrier should the correction deepen.
These observations are compiled from various internet sources that track cryptocurrency market data and technical analysis.
