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The Maple Finance price has dropped over 4% over the last 24 hours, currently trading at $0.5756 as of 1:12 a.m. EST, with trading volume surging 20% to $104 million.
The drop in SYRUP price has pushed the altcoin to the top of the losers list on CoinMarketCap.
Despite the drop, the price of Maple Finance is still up 31% in the last week. Can SYRUP still recover from the recent downtrend?
Maple Finance Price Eyes More Gains Above Key Resistance Levels
The SYRUP price chart on the daily timeframe presents a strong bullish trend that began in mid-April 2025, following a prolonged accumulation phase.
The Maple Finance price action formed a well-defined rising channel pattern. After reaching a local high near $0.6585 (0 Fib level), SYRUP experienced a pullback and is now trading at approximately $0.5756, a 4.70% drop on the day, as GeckoTerminal data shows.
The pullback coincided with a retest of the falling channel’s lower boundary, now acting as support.
Importantly, this SYRUP price level also aligns closely with the 23.6% Fibonacci retracement level ($0.5347), derived from the April-to-June bullish leg. This confluence adds strength to the idea that the price of Maple Finance may be stabilizing here, setting the stage for a potential continuation of the uptrend.
The 50 Simple Moving Average (SMA), now at $0.4341, is sharply rising and has recently acted as dynamic support during the most recent correction within the 0.5 Fib level.
The 200 SMA, much lower at $0.2162, reflects the long-term trend reversal that began in late Q2 2025.
Meanwhile, the Relative Strength Index (RSI 14) is currently at 60.97, indicating that SYRUP is neither overbought nor oversold, offering room for further upside, especially if momentum resumes.
Moreover, the bullish sentiments are confirmed by the blue Moving Average Convergence Divergence (MACD) crossing above the orange signal line, forming a bullish crossover.
The green bars above the zero line show that Maple Finance is under positive momentum.
SYRUP Targets 69% Surge As Bullish Momentum Builds
If SYRUP sustains its price above the $0.5347 zone and maintains structure above the 50-day SMA, the bullish scenario remains intact.
A breakout above $0.6585 (0 Fib level) could trigger a strong upside move toward the $0.98 region (-0.618 Fib level), representing a 69% surge from the current level.
However, if the current trend continues, Maple Finance could plunge further to the lower boundary of the rising channel and within the 0.236 Fibonacci level at $0.5347. Further downside could push SYRUP down to the cushion against downward pressure at $0.4341 (50-day SMA).
In the meantime, investors are rushing to buy Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 723K subscribers, says is one of the cryptos that could potentially soar 100X after launch.
BEST Wallet Presale Raises $13.6 Million – Best Crypto To Buy?
The Best Wallet presale offers investors an exclusive opportunity to invest early in a disruptive, non-custodial crypto wallet designed to simplify and enhance the management of digital assets.
Still in its early stages of presale, the project has already raised over $13.6 million and is quickly hurtling towards $14 million.
🔥 Over $13M Raised and Counting! 🔥
Best Wallet is becoming the go-to for traders who want speed, simplicity, and early access to what matters:
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— Best Wallet (@BestWalletHQ) June 4, 2025
So why should you invest in Best Wallet?
With Best Wallet, you can securely store over 1,000 crypto coins, seamlessly stake assets from different blockchain networks, and swap tokens using its integrated DEX, which supports cross-chain trading.
Its ecosystem is designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space. It is powered by its native token called BEST.
One standout feature catching investors’ eyes is the “Upcoming Tokens” section. This tool helps users identify and invest in promising early-stage crypto projects.
For instance, it flagged high-performing meme coins such as Pepe Unchained (PEPU), Catslap (SLAP), and the latest, Solaxy, which have delivered massive gains to investors.
Additionally, investors can stake BEST tokens for a generous 101% annual return. Currently, you can buy BEST tokens at $0.025255.
If you’re interested, you can purchase the Best token now and join other early investors. However, buy quickly, as a price increase is expected around 12 hours.
Check out BEST on its official website.
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