SIREN Token Plummets as Whale Sells Off Holdings
- Whale Sell-off Impact: A large holder's sale of SIREN tokens has led to a more than 70% price drop within 24 hours, with current trading around $0.12 to $0.15, highlighting the market's sensitivity to supply concentration.
- Liquidity Crisis: The whale has received over 7.5 million USDT from the sale while still holding approximately 595.7 million SIREN, valued at about $91.86 million, and the ongoing sell-off has rapidly diminished market liquidity, impacting short-term traders' buying capabilities.
- Derivatives Market Reaction: SIREN's derivatives trading volume exceeded $299 million during this period, indicating that futures traders are also chasing the crash, which adds to market volatility and uncertainty, especially with the whale still holding most of the flagged tokens.
- Uncertain Future Trends: The future trajectory of SIREN depends on whether the whale's selling slows, if the market can absorb the remaining supply, or if the whale will continue heavy distribution, leaving current market sentiment highly tense.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0132 | 0.0166 | 0.0194 | 0.0228 | 0.0256 | 0.029 | 0.0318 |
| Fibonacci | 0.0166 | 0.019 | 0.0204 | 0.0228 | 0.0252 | 0.0266 | 0.029 |
About AI
About the author
