#XSuperApp Arincen - In a striking paradox, the (MapleSYRUP/USD currency has witnessed a significant decline of 9.4% over the past three days, recording its lowest level at $0.3460, despite the record rise achieved by Bitcoin and the digital markets in general.
This decline comes at a time when Maple Finance has announced a comprehensive strategic restructuring, which includes integrating all of its institutional and unregulated products under a single platform named 'Maple'.
And the cancellation of the Syrup protocol as an independent entity. According to the official statement, the syrupUSDC asset will be converted into an internal product within the Maple platform, and will only be available to qualified users on the chain.
Maple's CEO, Sid Paul, confirmed that this step aims to unify the operational identity and facilitate access to institutional lending products, as the platform continues to offer overcollateralized loans to major institutions within the 'Blue Chip' and 'High Yield' offerings.
Despite the recent decline, the fundamental indicators show strong growth in the platform's performance, with assets under management reaching $1.6 billion, while the total loans provided through Maple have reached $7 billion, reinforcing its position as one of the most prominent players in the decentralized finance (DeFi) sector.
However, technically, the SYRUP token is facing increasing selling pressure, with a 'double top' pattern appearing at the $0.3828 level, which is one of the strongest negative signals in technical analysis. The pivotal support level is at $0.31, corresponding with a Fibonacci .23.6 correction. Breaking this barrier could push the price towards the $0.2345 level with a potential decline exceeding 33% from current levels.
