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

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.