🚀SIREN pumps 50%: Shorts liquidated, AImeme flows back in🔥
In the past 24 hours, #siren surged about 50%, outperforming the overall crypto market (-1.4%), reclaiming the $1 mark and landing on the #币安 futures gains leaderboard.
The core driver is the explosive increase in derivatives liquidity causing a short squeeze, with over $1.56 million in short positions liquidated on Binance in a short span.
At the same time, #AImeme sector funds are flowing back, with #SKYAI driving a 15% week-over-week increase in sector market cap, showing a clear improvement in sentiment.
Technical Analysis: Broke out of a three-week consolidation range (0.85 resistance level), MACD is strengthening, MFI around 66, short-term momentum is leaning bullish.
However, risks remain: on-chain data shows the top 100 addresses hold over 95%, indicating significant centralization, which may pose a pump-and-dump risk.
If we can't hold above 0.85, we might retest 0.61; aiming for the historical high supply zone of $3.862. #木头姐与CZ谈AI和稳定币
In the past 24 hours, #siren surged about 50%, outperforming the overall crypto market (-1.4%), reclaiming the $1 mark and landing on the #币安 futures gains leaderboard.
The core driver is the explosive increase in derivatives liquidity causing a short squeeze, with over $1.56 million in short positions liquidated on Binance in a short span.
At the same time, #AImeme sector funds are flowing back, with #SKYAI driving a 15% week-over-week increase in sector market cap, showing a clear improvement in sentiment.
Technical Analysis: Broke out of a three-week consolidation range (0.85 resistance level), MACD is strengthening, MFI around 66, short-term momentum is leaning bullish.
However, risks remain: on-chain data shows the top 100 addresses hold over 95%, indicating significant centralization, which may pose a pump-and-dump risk.
If we can't hold above 0.85, we might retest 0.61; aiming for the historical high supply zone of $3.862. #木头姐与CZ谈AI和稳定币
