SIREN token plunges 26.67% amid heavy selling and falling leverage, testing key $0.43 support level.

SIREN's price dropped sharply by 26.67% to about $0.49 with a 38.18% rise in trading volume, indicating active selling rather than low liquidity. Derivatives traders aggressively reduced exposure, with Open Interest falling 36.68%, signaling long position liquidations rather than new bearish bets. Technical indicators weakened, with RSI dropping and a bearish MACD crossover, while the token tested but held the critical $0.43 support zone. If buyers defend this level, stabilization and recovery are possible; failure could lead to further declines.