SIREN Crashed 56% in a Day: Here’s How the Charts Saw It Coming

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SIREN Crashed 56% in a Day: Here’s How the Charts Saw It Coming

Siren (SIREN) is currently trading at $1.04, a significant drop of 55.90% for the day. This comes after a huge price increase on March 22, where the token jumped 238% to $3.60. It nearly reached its highest price ever of $4.72, but then sellers quickly drove the price down.

The price drop wasn’t sudden. For three days beforehand, a specific indicator, the Chaikin Money Flow, had been signaling a potential downturn.

Investor Euphoria Drove SIREN’s Speculative Spike — Then Reversed Violently

According to Santiment, positive sentiment around SIREN reached its peak of around +7.41 on March 22nd and 23rd, which happened right when the price hit its highest point. This was the strongest positive sentiment seen in the charts since late February.

For much of March, overall feeling about SIREN was fairly neutral. Then, it jumped to +7.41 as individual investors started buying rapidly, pushing the price up. This was fueled by a ‘short squeeze’ – where those betting against the stock were forced to buy to cover their positions – as well as its listing on Binance Futures and growing excitement about a potential record high price.

The recent excitement directly drove up the price. When optimism increases this quickly, especially at a peak or low point, it suggests the price is rising due to short-term speculation rather than genuine interest. New investors jumping in bought from those who initially invested, allowing earlier holders to sell their positions.

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Investor confidence has plummeted, reaching a record low of -3.483 on March 24. This dramatic shift from extreme optimism to strong pessimism in just two days shows how risky this investment was. Those who purchased shares between $2.50 and $3.60 are now facing significant losses.

Outflows Show SIREN’s Crash Was Long Overdue

The Chaikin Money Flow indicator, when viewed on a 4-hour chart, suggested that selling pressure was increasing as the price rose. Initially, between March 20th and 21st, as the price moved from around $1.00 to $2.50, the CMF reached a high of +0.32, which indicated strong buying at the beginning of the price increase.

After that, the Chaikin Money Flow (CMF) started showing decreasing strength, even though the price of SIREN was still going up. By March 23rd, when the price reached $3.50, the CMF had already dropped to around +0.10. A downward trendline on the CMF clearly connects these weakening points, signaling a bearish divergence compared to the rising price. This meant that the buying pressure, when considering volume, was getting weaker with each new high in price.

The Chaikin Money Flow (CMF) is currently at -0.03, indicating a clear downward trend. This means the previous divergence has fully played out to the downside. Each time the price increased to a new high, but the CMF decreased, it showed sellers were taking advantage of the price increases to sell their holdings. The token fell about 24% short of reaching a new all-time high, and this is significant. The $4.72 level wasn’t reached, meaning bulls may still attempt to test it if the price recovers.

SIREN Price May Have a Shot At ATH

Looking at the daily price chart, SIREN has fallen sharply from a high of around $3.60 in March. It hasn’t reached its highest ever price of $4.72. Based on chart analysis, the price could fall to about $0.79, which is slightly below a key support level currently at $0.94.

Currently, the price around $0.94 is a key support level. If the price closes above $0.94, it could make another attempt to reach its highest point ever. To move back up towards $4.72, the price first needs to break through the $2.00 resistance level. If it does, and volume increases, it could then target the all-time high. A potential price increase of 48.13% from $3.20 to $4.72 is possible, but only if the price establishes a solid base above $2.00 with consistent trading activity.

SIREN price’s close below $0.94 would expose $0.46, then $0.41, and potentially $0.24 — each level representing progressively deeper support from earlier in the rally cycle. This is only likely if the outflows continue to mount.

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2026-03-24 14:19