Siren (SIREN) has dropped approximately 20% within 24 hours, mainly due to whales transferring over 80 million USD worth of 22.85 million tokens, with some of them deposited into Gate.io. Currently, Siren's trading price is around $0.347, approaching the key support level of $0.30, which has been tested multiple times before. Negative CMF indicators and heavy sell orders suggest ongoing capital outflows. Breaking below $0.30 could lead to an extended decline, while a rebound might target the liquidity zone around $0.55.
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Siren (SIREN) has dropped approximately 20% within 24 hours, mainly due to whales transferring over 80 million USD worth of 22.85 million tokens, with some of them deposited into Gate.io. Currently, Siren's trading price is around $0.347, approaching the key support level of $0.30, which has been tested multiple times before. Negative CMF indicators and heavy sell orders suggest ongoing capital outflows. Breaking below $0.30 could lead to an extended decline, while a rebound might target the liquidity zone around $0.55.