Can the concept of AI withstand market selling pressure?
This recent drop in SIREN is truly distressing!
As a long-time observer of the AI sector, I have some feelings for this "dual-personality AI" project, SIREN. However, seeing the continuous outflow of funds clearly indicates that market sentiment is deteriorating. Especially that large bearish candlestick with increased volume, which has directly pierced through the five-day moving average, the technical outlook is quite bleak.
However, on second thought, the liquidity of $SIREN is actually not bad.
The current price is already close to 0.95, and there may be a rebound opportunity in the short term.
My suggestion is: for the old friends who are stuck in long positions, don’t rush to cut losses; wait for a decent rebound before reducing positions. For those looking to catch the bottom, don't be too impulsive; at least wait for a stabilization signal on the daily chart.
Remember, staying alive in the crypto world is the most important thing; as long as the green mountains remain, you won’t worry about firewood! Making money by following the right people is just a natural outcome!!
