$SIREN The euphoria of investors led to a surge in the speculative SIREN — then it violently reversed.
The weighted sentiment index for SIREN peaked at around +7.41 on March 22-23, perfectly coinciding with the price peak. That reading was significantly the highest in the visible chart period extending to late February.
Throughout most of March, sentiments fluctuated moderately close to zero. The sudden rise to +7.41 reflected the influx of retail investors into SIREN as the price rose — driven by short-selling pressure, Binance Futures listings, and an impending narrative of reaching an all-time high.
This euphoria directly fueled price movements. When sentiment rises so sharply while the price is at a local maximum, it indicates that speculative momentum — not fundamental demand — is the fuel. Retail buyers who were chasing this move absorbed the selling from previous buyers, providing exit liquidity for those who were already in position.
