Siren (SIREN) memecoin began climbing after a whale‑driven sell‑off that pushed its price below $0.07, sparking a more than 95 % decline.
Price Rebound and Recent Trading Data
The token surged to a local peak of $0.112 before slipping slightly, and it is currently quoted at $0.109. CoinMarketCap reports a 54 % gain over the last 24 hours and a 36 % rise in the past hour. Despite the rally, the price remains under all major moving averages, indicating lingering bearish pressure.
Investor Activity and Market Sentiment
Spot‑market investors have stepped in, pulling $623,000 out of exchanges while only $496,000 flowed in, resulting in a net outflow of $126,000—a 686 % swing to negative territory. This negative Spot Netflow suggests that buyers are outpacing sellers, hinting at continued accumulation. On Binance, the Long/Short Ratio steadied around 4, with Top Trader Accounts at 4.6 and Top Trader Positions at 4.2, reflecting a strong risk appetite among crypto investors.