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Siren token crashes 56% after a 238% surge, signaling a sharp speculative reversal.

Technical Signals
24 Mar 2026
BeInCrypto
View Source
Bearish
pluang ai news

Siren (SIREN) surged 238% in one day, nearly reaching its all-time high of $4.72, before crashing 56% to $1.04. This rapid rise and fall was driven by speculative retail buying and short squeeze mechanics, with sentiment swinging from extreme optimism to deep pessimism within 48 hours. Technical indicators like the Chaikin Money Flow showed weakening buying pressure before the crash, signaling distribution and seller exit. The token's price now faces critical support at $0.94; holding this level could allow a recovery attempt, while a break below may lead to further declines toward $0.46 or lower.

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