SYRUP crypto jumps 34% but bearish signals emerge – What’s next?
SYRUP’s rally could lose its bullish momentum
SYRUP has been on a rally, driven by Futures traders opening long positions on the asset.
Spot traders are opposing the rally, adding downward pressure on the price.
In the past 24 hours, Maple Finance [SYRUP] jumped 19%, pushing its monthly gain to 34%.
While market sentiment appears to support further upside, weakening signals remain that could oppose the asset’s momentum. Here’s how it could play out: