$SIREN — Overhead Supply Wall Forming?

Theme: AI agency narrative play

Structure: heavy distribution risk

Price zone $0.29–$0.37 is crowded with prior entries. That range now acts as an overhead supply shelf — every bounce into it risks meeting sellers looking to exit at breakeven.

On-chain flows show early participants realizing ~$2.6M. Meanwhile, newer wallets collectively hold ~71.84M tokens with significant unrealized gains (~$9M). That’s latent supply. Unrealized profit often turns into realized pressure when momentum stalls.

This is how reflexive cycles work:

Narrative → Acceleration → FOMO entries → Distribution → Liquidity vacuum.

If price can’t reclaim and hold above high-volume nodes with sustained spot absorption, rallies may function as liquidity events rather than structural reversals.

Key signals to monitor:

• Are large wallets reducing into strength?

• Is spot volume leading derivatives?

• Are higher lows forming — or just lower highs repeating?

High floating P/L + crowded range + slowing momentum = elevated volatility risk.

No certainties in markets — only probabilities.

When overhead inventory builds, patience beats impulse.

Manage risk.

Trade structure, not slogans.