SIREN token plunges 67% amid panic selling, breaking key support and rising volatility expected.

SIREN token experienced a sharp 67.09% drop to $0.1620 as panic selling swept the market, with trading volume surging 248%. Despite the price crash, Open Interest rose 25%, indicating increased speculative activity and new short positions. Long traders faced heavy liquidations, absorbing most losses, which intensified selling pressure and accelerated the decline. The token broke a crucial $0.435 support level, pushing it toward a next support at $0.053, with technical indicators showing continued bearish momentum and potential for further volatility ahead.