SIREN token drops 14% but shows signs of a potential rebound with improving momentum indicators.

SIREN token fell 14% recently, with long traders facing most liquidation losses. Despite this, momentum indicators like MACD and MFI suggest bullish sentiment is returning, supported by positive Funding Rates and liquidity clusters above the current price. These factors indicate a possible short-term rebound if buyers regain strength, though confirmation is needed for a sustained recovery. Open Interest dropped, showing reduced participation, but remaining positions are mostly long-biased, which could aid a price recovery.