We just witnessed an epic battle on the battlefield $SIREN . Take a look at the Square feed - there are many "victims" on an incredible scale. I've gathered my favorite fundamentals for you:
1️⃣ Today, the listing $SIREN took place on the HashKey Global exchange. The anticipation of this event and the very fact of the listing fueled the latest vertical surge to $4.80. As is often the case, after the news broke, profit-taking began, "buy the rumor, sell the news".
2️⃣ Analytical data indicates that the asset is heavily manipulated: the top 10 wallets control the overwhelming majority of the issuance. This explains why the price can drop by 30-50% in just a few hours — there simply isn't enough liquidity "down below" to hold back the exit of a large player.
3️⃣ The project is trying to play in the field of the popular trend of AI agents. However, despite the "fundamental promises", the current movement is purely speculative.
✅ For the next 24-48 hours, we expect a bearish scenario. Currently, there is a "deleveraging" of positions. Despite local bounces from EMA(25) ($2.20 – $2.30), the fundamental value of the asset is much lower than the current price. Most likely, we will see a gradual slide to the zone of $1.30 – $1.50, where the price was before the start of the last pump phase.
