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SIREN price rebounds from a key demand zone, signaling a potential trend reversal as buyers step in to defend crucial support levels
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A recurring bullish pattern suggests a breakout setup, with potential upside targeting a new all-time high if momentum sustains above resistance
SIREN price has surged back into focus after delivering multiple explosive rallies of over 250% in recent months, attracting renewed traders’ interest. Following a steep 70% correction, the token has staged a sharp comeback, climbing nearly 60% in the past 24 hours from lows near $0.72 to around $1.60.
Notably, the rally comes amid a weakening broader market, signaling strong speculative demand and aggressive buying pressure. Trading volume has spiked significantly, reinforcing the strength of the current move. With price action now aligning with a recurring bullish structure, the key question remains—can SIREN sustain this momentum and extend the rally toward another major breakout?
The short-term price action suggests SIREN is forming a recurring “surge-and-correct” structure, often seen during early-stage bullish expansions. However, the second rally faced resistance at a lower high, introducing the risk of a developing descending trend.
That said, a potential third interaction with the descending trendline could validate this structure as a bullish continuation pattern rather than a sustained downtrend. Until a confirmed rejection occurs, the broader bias leans cautiously bullish.
On the momentum side, the RSI has broken above its descending trendline, signaling strengthening buying pressure and a possible shift in short-term sentiment. The $2.42 level now stands as a pivotal resistance zone. A successful breakout above this range could open the door for a move toward $3, with further extension toward a new all-time high above $4.
However, failure to reclaim this resistance may lead to another pullback toward the established support zone, keeping the pattern intact but delaying the breakout.
