SYRUP token faces rejection at $0.58 – Analyzing what’s next…
Main Idea
The SYRUP token of Maple Finance surged after an Upbit listing and strong Q2 performance but faced rejection at $0.58, with potential for further bullish movement if Bitcoin remains strong.
Key Points
1. Maple Finance's SYRUP token nearly reached a new all-time high above $0.6 following its listing on Upbit and a positive Q2 report showing 154% revenue growth and 200% annual recurring revenue increase.
2. The token's rally began on July 21, climbing from $0.4 to $0.65, but faced rejection at $0.58, indicating short-term bearish bias.
3. Technical analysis suggests the token may need consolidation, but a bullish breakout could still occur if Bitcoin maintains its upward momentum.
4. Maple Finance allocates 20% of its revenue to further funding the SYRUP token.
Description
A bullish breakout can still occur, especially if Bitcoin can resume its bullish reaction from $115k.
Latest News
- Ethereum ETFs see $1.85B inflows – 25x more than Bitcoin!2025-07-26 17:14:59
- How to use AIXBT to find ‘crypto alphas’ before others2025-07-26 16:47:56
- Can Shiba Inu’s 200B token outflow help SHIB reclaim $0.000015?2025-07-26 15:09:50
- Galaxy Digital sells $9B in BTC, but Bitcoin quickly recovers – Here’s how2025-07-26 13:11:48
- Can crypto treasuries end the VC dump cycle? – Ethena founder explains…2025-07-26 11:17:49