Siren (SIREN), an AI-based decentralized finance (decentralized finance) token on the BNB Chain, surged 156% on March 22 to reach an all-time high of US$2.57. There are two on-chain signals that explain this movement and where the price is heading next.
This rally extends a larger upward trend that has seen SIREN rise over 630% in 30 days, driven by new interest in AI narrative tokens and the launch of perpetual futures that boosted buying through a short squeeze.
Overbought Conditions at Every Previous SIREN Peak
The Money Flow Index (MFI) is at 82.96 — well above the threshold of 80 indicating an overbought area. If you look at the indicator, there is a circle at the current number, highlighting that signal.
On the chart, there is a vertical black line marking three previous reversal points: February 7, February 27, and March 15. The MFI spiked drastically on those dates before the price dropped. In each case, the MFI spike occurred first before the correction took place a few days later.
The latest MFI reading at 82.96 on March 22 reflects the pattern of the previous three peaks — a high flow of funds accompanied by spikes in price and large body candles — raising the question, is this the fourth turning point, not the beginning of a sustainable price discovery.
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The Chaikin Money Flow (CMF) indicator also shows a similar signal. In the CMF panel, the declining blue trend line connects the peaks of the indicator around 0.35 on March 20 with the current reading at 0.14 on March 22. As the price sets a new all-time high, the CMF actually records a lower high — consistent with textbook bearish divergence.
The CMF at 0.14 is still positive, meaning overall buying pressure still outweighs selling pressure. However, the declining trend in money flow during the sharpest rally phase indicates that each subsequent price candle only requires less capital flow.
This indicates that buyer confidence is waning, not that demand is continuously increasing. Bearish divergence on the CMF amid parabolic movements often triggers sharp corrections once momentum weakens.
The SIREN rally of 156% in the last 24 hours was driven by speculation, as there was no real capital inflow supporting this rise.
The Fibonacci extension chart shows the level of 1.786 at US$2.07 — becoming the first important correction support after the spike to US$2.57 surpassing the 2.0 extension level at US$2.29.
If it fails to hold above US$2.07, the price could open towards US$1.77 then US$1.50.
The Coinglass liquidation map shows a cumulative long liquidation of US$22.34 million piling up at US$0.65.
Between US$1.31 and US$0.65, there is almost no long liquidation resistance — meaning if the breakdown breaches US$1.31, the price is likely to quickly move towards that zone without much structural support to hold the decline.
On the other hand, the MFI is at 82.96 and the CMF divergence has always preceded each previous correction in the history of this token. If SIREN stays above US$2.07, the bullish structure remains intact.
If it loses that support, the price could go to US$1.50, while the liquidation map shows potential towards US$0.65.