Whale Sells 670M SIREN, Triggers 90% Crash
- Whale Sell-off Impact: A dominant whale sold 670 million SIREN over two days, receiving 64.8 million USDT, which represents approximately 92% of the circulating supply of 725 million SIREN listed by CoinGecko, highlighting extreme market concentration that led to the price collapse.
- Price Plunge: SIREN's price fell about 56% in 24 hours and over 95% in seven days, with a current market capitalization near $40.8 million and a 24-hour trading volume exceeding $91 million, indicating significant volatility in the market.
- Funds Flow Analysis: Lookonchain's tracking revealed that 25.7 million USDT from the whale's proceeds was deposited into exchanges, while 39.1 million USDT remained on-chain, indicating a large portion of realized proceeds moving into trading infrastructure, raising questions about future fund movements.
- Supply Structure Risks: The whale's sale puts SIREN's supply structure in focus, as a single holder selling hundreds of millions of tokens can quickly collapse spot liquidity, especially during high-volatility periods, potentially forcing leveraged traders out of the market.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000082 | 0.00000948 | 0.0000108 | 0.0000121 | 0.0000134 | 0.0000146 | 0.0000159 |
| Fibonacci | 0.00000948 | 0.0000105 | 0.0000111 | 0.0000121 | 0.000013 | 0.0000137 | 0.0000146 |
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