SIREN Crypto Jumps 116% to Above $2.2, Can This Meme Coin Reach $3.5?

Jakarta, Pintu News – On Wednesday (25/3), SIREN coin, a BSC-based meme coin, surged more than 110% after plummeting from $2.5 to a low of $0.79. The drop came after an analyst from Bubblemaps exposed alleged price manipulation and dumping.

From the findings, it can be seen that SIREN’s supply is dominated by a wallet cluster that controls 644 million of the total 728 million tokens in circulation, or about 88%. In addition, 90% of the token accumulation is also centered on a specific group of wallets.

However, that day, SIREN’s movement was contrary to market expectations, which predicted that the price would continue to weaken. As of March 25, its price was trading at $2.21, while its trading volume fell by 16%.

SIREN Crypto is in the FOMO Phase

Quoting the Coinpedia page, altcoin Siren seems to be in a FOMO phase among crypto traders. Based on Coinpedia Markets data, its trading volume had fallen 40% and at the time of writing the decline was in the range of 16%.

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In general, price increases supported by a surge in trading volumes reflect market confidence and more organic growth. However, in the case of SIREN crypto, the volume movement is signaling bearish concerns for the next trading session.

Short and Medium Term Indicators Begin to Show Bullish Signals

Based on the daily chart and 4-hour chart (25/3) of SIREN/USDT, the Ichimoku indicator on this memecoin, which is used to read the direction of price movement, still indicates neutral to bullish conditions. The price is seen moving above and below the cloud, thus reflecting the market tendency which is still neutral but starting to lean bullish.

Meanwhile, the momentum indicator on the daily time frame has reversed from negative to positive territory and now stands at 1.5 above the zero line. On the 4-hour time frame, the indicator is still at -1.3, but its direction is starting to rise, which could reflect a short-term correction or a potential reversal.

The movement pattern shows relatively steady buying pressure from holders, while buyer sentiment towards this coin still remains positive, especially if the price is able to break the $3 level.

The derivatives market shows a negative signal for SIREN.

Based on Coinglass data, the open interest of the SIREN coin continues to decline at the time of writing, having previously dropped by almost 40% in 24 hours (25/3).

Such a pattern, where open interest is falling while the asset price has risen by more than 100%, shows that traders are not opening new positions, but closing existing ones.

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This condition also indicates that there is no new capital flow from leveraged traders. In other words, the current price movement is still mostly supported by old positions. This situation makes the prospect of future price movements more risky.

In addition, SIREN’s negative funding rate since March 14 is also a less positive signal for new participants. A negative funding rate means that short position holders pay long position holders, which generally reflects bearish market sentiment.

SIREN Needs a Strong Price Close

Based on recent chart movements, SIREN crypto is facing strong resistance at the $2.37 level, which coincides with the 0.5 Fibonacci retracement area, while the closest support is in the $1.8 range.

If volume strengthens again and is accompanied by one solid green candle, sentiment in the derivatives market could potentially turn more positive as new capital comes in. Conversely, if prices close below $1.8, the rally risks weakening and pushing prices closer to the $1 area.

If SIREN is able to break the resistance at the 0.5 Fibonacci level, then the next resistance target is at $2.92. As long as the sentiment on social media remains strong, the opportunity to reach the $3 level is still open for SIRENecoin.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Siren Coin Back Above $2.2 After Surging 116% In 24H. Will This Memecoin Reach $3.5? Accessed on March 26, 2026