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Siren (SIREN) plunges 66% amid weak demand and dominant short selling pressure

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

Siren (SIREN) price dropped sharply by 66.43% to $0.9994 within 24 hours, driven by declining market participation and a 55.18% fall in trading volume. The price broke key support levels, with technical indicators like RSI confirming ongoing weakness and no signs of stabilization. Short positions dominate Binance trader activity at 55.61%, and negative funding rates reflect strong bearish sentiment in derivatives markets. This combination of weak demand, bearish trader positioning, and negative funding suggests continued downside risk for SIREN before any recovery can occur.

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