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The Maple Finance price soared 29% in the last 24 hours to trade at $0.1412 as of 12:19 a.m. EST, with trading volume skyrocketing 163% to $11.1 million.
Maple Finance Price Aims For A Continued Surge
The SYRUP price on the daily chart reveals a clear falling channel pattern that has persisted since late 2024, suggesting a prolonged downtrend marked by lower highs and lower lows.
However, the recent Maple Finance price action indicates a potential reversal of this bearish structure. A breakout has occurred above the upper boundary of the falling channel, which signals a shift from bearish to bullish momentum.
There was a notable fake out earlier in March where the price of SYRUP briefly pierced the channel’s resistance but failed to sustain upward momentum, resulting in a quick retracement, as GeckoTerminal data shows.
Unlike that instance, the most recent breakout appears stronger, supported by a bullish candlestick with higher volume and a clear move past the 50-day Simple Moving Average (SMA).
The price of Maple Finance currently stands at $0.1412, above the breakout level near $0.1285, indicating initial follow-through strength post-breakout.
Meanwhile, the Relative Strength Index (RSI) is currently at 61.95, which leans toward the bullish side but remains below the overbought threshold of 70. This shows that there may still be room for upward momentum.
The Moving Average Convergence Divergence (MACD) histogram is green and expanding, while the blue MACD line also recently crossed above the orange signal line, forming a bullish crossover.
SYRUP Price Prediction – Breakout Could Push Maple Finance Token Up 72%
Given the confirmed breakout from the falling channel and the confluence of bullish indicators, the Maple Finance price could be entering a new upward trend phase.
The chart includes a measured move target derived from the height of the falling channel, projecting a potential 72.7% gain from the breakout point. This gives a price target near $0.23–$0.25.
Conversely, if the bears take control of the price, SYRUP could drop back to the $0.0887 level, which is a cushion against downward pressure.
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Learn more about BEST on its official website.
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