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SIREN memecoin plunges 56%, erasing 40 days of gains amid strong selling pressure.

Technical Signals
16 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

SIREN, an AI memecoin, dropped 56% on May 14 despite a broader crypto market rally, falling to $0.53 and wiping out gains from the past 40 days. Trading volume also fell over 51%, signaling reduced market interest. Technical analysis shows a critical support level at $0.499; if broken, SIREN could fall further to $0.173. Indicators suggest strong selling pressure and bearish momentum, with exchange reserves rising as holders prepare to sell. Analysts warn of potential further declines to $0.40, $0.33578, and $0.27 if bearish trends continue.

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