🚀 Analysis and forecast for $SYRUP : is it time to exit? 📈
As of May 20, 2025, 13:55 EEST, the exchange rate$SYRUP (Maple Finance) on Binance is $0.361, with a 12% increase over the last 24 hours. Trading volume reached $26.06M, and market capitalization is around $347.5M. The rise is supported by a recent rebranding (from MPL to SYRUP) and community activity following listings on major exchanges such as Binance and Bitget.
Technically, $SYRUP demonstrates bullish momentum. On the 4-hour chart, the price broke through resistance at $0.340 and established itself above the 50-day moving average ($0.320), which serves as support. The RSI (14) at 81 indicates overbought conditions, which may foreshadow a correction. The nearest resistance is $0.372, and support is at $0.335. A breakout above $0.372 could lead to a rise to $0.404, but a fall below $0.335 will increase pressure towards $0.310.
Forecast: in the short term (until the end of May), SYRUP may correct to $0.335–$0.340 due to overbought conditions, but with support from volumes and news (e.g., new integrations in DeFi), the price could reach $0.50 by July 2025. The long-term target for 2026 is $0.80 if the project strengthens its position in institutional lending.
Is it time to exit? The current price of $0.361 after a 12% rise looks high. It is recommended to lock in some profits, especially if the target of $0.372 is close. Set a stop-loss at $0.335 to protect against a correction. For long-term investors, it is advisable to hold the position while aiming for $0.404, but keep an eye on the RSI and news. Activity on Binance and community sentiment remain key! #Syrup #Binance #CryptoAnalysis
