# Market Analysis: #SYRUP
## Recent Trend of SYRUP
The SYRUP token is showing a correction trend in the last 24 hours, with the current price at **0.40861 USDT**. We have observed a drop of approximately **9.1%** from the highest point of 0.44979 recorded 24 hours ago.
## Key Points of Analysis:
- The price is on a downward trend in the last 24 hours, falling from **0.44979** to **0.40861**
- Significant trading volume active during this period, with notable peaks between 8 PM - 10 PM
- Important support established near **0.40307**
- Resistance identified around **0.43472**
## Relevant News:
1. **Liquidity Expansion**: Binance announced a liquidity program for altcoins that includes the SYRUP/USDT pair, aiming to improve trading efficiency and increase liquidity in the market.
2. **Availability on Coinbase**: Coinbase recently added SYRUP for users in Germany, expanding global access to the cryptocurrency.
3. **Appreciation Potential**: Analysts are highlighting SYRUP among altcoins with potential to renew their all-time highs in June, especially with the rotation of capital from safe-haven assets to high-beta altcoins.
## Market Outlook:
As Bitcoin shows resilience and risk appetite increases in the market, tokens like SYRUP may benefit from the capital flow to altcoins. Binance's liquidity program could be a positive catalyst to improve market depth and potentially boost the price.
