SIREN โ the main playwright of this week ๐ญ
SIREN is currently on everyone's lips. Just look at these swings:
๐ Yesterday it fell from $4.60 to $0.77 (โ83%)
๐ Today it bounced back to $2.80 (+264% from the low)
๐ฐ It is currently trading around $2.20
What is the reason for such wild volatility? Bubblemaps revealed that one cluster controls ~50% of the total SIREN supply โ this involves over 200 wallets linked to a single funding source. At its peak, these tokens were worth $1.5 billion.
ZachXBT added fuel to the fire โ he found connections between these wallets and tokens previously affiliated with DWF Labs.
๐ Technical picture:
ยท Key resistance: $2.37 (0.5 Fibonacci) and $2.92
ยท Support: $1.80 โ if broken, a pullback to $1.00 is possible
ยท Volumes are falling while the price is rising โ a classic caution signal
โ ๏ธ Risks: 50% concentration with one player + negative funding + fundamentals in question.
If you enter โ only at your own risk, with clear stops and an amount you are willing to lose.
$SIREN #ะบัะธะฟัะพะฒะฐะปััะฐ #ะฐะฝะฐะปะธัะธะบะฐ
