🍁🍁🤑🍁🍁$SYRUP price up today

Thought and Analysis.... Making Strong "" V Shape""

🍁Maple Finance SYRUP surged 18.6% in 24h due to bullish technical momentum, institutional partnerships, and ecosystem growth.

🍁Technical breakout above $0.4590 resistance invalidated bearish patterns

🍁Lido partnership for stETH-backed loans boosted institutional credibility

🍁AUM growth to $2.23B (+433% YTD) signaled protocol traction

✅️🍁 Primary catalyst

SYRUP broke above the critical $0.4590 resistance on June 16 (crypto.news), invalidating a double-top pattern that had capped prices in May.

🍁This triggered algorithmic buying and short-covering, with the token testing $0.54 on June 17 before settling at $0.603.

The move coincided with $94.5M 24h volume (74% surge) and rising staking activity (40.6% of supply staked), creating scarcity effects.

🔥🍁 Supporting factors

🎈Institutional demand: Maple’s June 13 partnership with Lido enables stablecoin loans against stETH collateral (CoinMarketCap), attracting capital seeking yield without unstaking ETH

🍁💱Ecosystem metrics: Assets under management hit $2.23B (+15% MoM), while monthly fees grew 375% to $2.7M since April

🍁🤑Exchange momentum: HTX listing on June 12 contributed to a 117.7% price spike, adding liquidity and visibility

📊📍🍁 Technical context

📍🍁RSI 66.37 (14-day) shows room for upside before overbought territory

📍🍁Price trades 53% above 50-day EMA ($0.393), confirming strong bullish structure

📍🍁Next resistance at 78.6% Fibonacci level ($0.634) if $0.566 swing high breaks.