Siren token plunges 41% in 24 hours amid liquidation-driven sell-off

Siren's token price surged from about $0.40 to $1.36 but then dropped sharply by over 41% within 24 hours to around $0.72, driven largely by forced liquidations of leveraged traders. Technical indicators show accelerating downside momentum, and the $0.70 price level is now critical for stabilizing the token. If Siren holds $0.70, it could rebound toward $0.90 and possibly $1.00, but falling below $0.70 risks deeper declines to $0.50-$0.55. The recent volatility highlights the risks of speculative leverage and the importance of demand to support recovery.