SIREN's price shot up 43% in the past 24 hours, hitting $1.17 and breaking through the $0.83 resistance level that had held for days. The move also reclaimed the 0.786 Fibonacci retracement at $1.07, putting the token in a technically stronger position than it's seen in weeks.
What the charts show
The daily Relative Strength Index sits at 62 — still well below overbought territory — which suggests the rally could have more room to run before momentum fades. At the same time, the Bollinger Band Width Percentile is expanding, a sign that volatility is picking up. Traders often take that as a cue that a trend might be gaining steam rather than fizzling out.
On the 4-hour chart, though, the picture is tighter. The RSI there is near 86, deep in overbought territory. That points to a likely short-term pullback before any push toward the next big target.
Next targets and key levels
The next visible upside target for SIREN is roughly $1.70. That level aligns with the 0.618 Fibonacci retracement and also sits near a descending trend line that has capped price action in recent months. If buyers can clear that, the door opens wider.
Trader 0xVertix has flagged $2.26 and $3.15 as the next key resistance levels beyond $1.70. He noted that a break above $3.15 could trigger a vertical move. That kind of language — "vertical" — suggests the trader sees the potential for a sharp acceleration rather than a grind higher.
On the downside, the 4-hour chart shows three support levels to watch: $1.07 (the 0.786 Fibonacci that just flipped to support), $0.85 (a green box area where buyers previously stepped in), and $0.76 (the floor of an earlier consolidation zone).
Short-term caution signs
The overbought reading on the 4-hour RSI means a retracement is probable before SIREN can make a run at $1.70. That's not unusual for a token that's gained 43% in a single day — fast moves often invite profit-taking. The question is whether any dip stays above those support levels or breaks the bullish structure.
A daily close below $0.83 would weaken the breakout thesis significantly. That level acted as resistance before the surge; losing it now would shift control back to sellers. For now, though, buyers are in charge, and the technical setup points higher — provided the token can survive the short-term overbought pressure.
