SIREN token fell to $0.1396 on June 13, after on‑chain analyst EmberCN identified a whale that off‑loaded roughly 17 million tokens across several addresses within a two‑hour window, driving the price from $0.47 down to $0.23 and later to a session low of $0.1127.
Price Collapse Mechanics
The daily candle opened at $0.47624, peaked at $0.47857, then plunged to $0.11275 before stabilising near $0.1396. The decline erased more than 70 % of the token’s value in a single trading day, a drop that shocked many crypto investors.
Technical Landscape
At the close, SIREN traded just above the lower Bollinger Band, which sits at $0.11955, while the mid‑line and upper band—$0.63680 and $1.15406 respectively—remain irrelevant as resistance levels. The Relative Strength Index measured 33.82, edging toward oversold territory but still lacking a bullish divergence.
Market Outlook
Key resistance points now rest at $0.2300, the level where the initial dump originated, and $0.4700, representing the pre‑crash price. Support zones are identified at the lower Bollinger Band ($0.1196) and the session low of $0.1127, where investors may seek stability. Future price movement will largely depend on the actions of the wallets that control roughly 94 % of the 680 million‑token supply.