The resilience of Bitcoin seems to be spreading positive signals to the altcoin market, as many cryptocurrencies begin to record stable growth. Among them, Maple Finance (SYRUP) is entering a new breakout phase, with hopes of establishing a historical peak in the coming days.
In parallel, Bitcoin Magazine has also analyzed two other potential altcoins – names that investors should pay special attention to as they approach all-time highs.
Maple Finance (SYRUP)
SYRUP is currently approaching a critical support area at the $0.555 mark – a decisive boundary that could pave the way for this altcoin to reclaim its historical peak (ATH) at $0.657. With only an 18% distance remaining to ATH, successfully defending this support area could serve as a springboard for SYRUP to continue its short-term recovery.
Daily SYRUP/USDT chart | Source: TradingView
Technical signals from the Parabolic SAR indicator – currently lying below the price candles – are acting as a cushion of support while also sending optimistic signals about the formation of an uptrend. This suggests that demand is gradually gaining dominance, helping SYRUP maintain its upward trend and consolidate its position in the market. If this trend is sustained, this altcoin could break through key resistance levels to continue expanding its growth range.
Nevertheless, risks still exist. In the event of a negative market shift or if SYRUP faces strong selling pressure, the price could retreat to the next support area around $0.496 – or even lower. Such a correction would signal that the upward momentum is gradually weakening.
SPX6900 (SPX)
SPX is currently trading around the $1.34 mark, approximately 31% lower than its historical peak at $1.77. This altcoin is facing short-term resistance at the $1.42 mark. If it can surpass this price area, SPX will continue to face another significant barrier at $1.55 – a level that could shape the next market trend.
Daily SPX/USDT chart | Source: TradingView
Signals from the Parabolic SAR indicator suggest that the uptrend is still being maintained, opening up positive prospects for SPX's recovery potential. However, to truly break through and turn the $1.55 area from resistance to support, this coin needs to be bolstered by positive signals from the macro environment. This will be a decisive factor in reinforcing the current upward momentum.
On the flip side, if market sentiment turns pessimistic, selling pressure could increase. In a negative scenario, SPX losing the support level of $1.25 would open up the possibility of a deeper drop to the $1.14 range. This development would not only negate the current bullish structure but also indicate the risk of entering a more pronounced correction cycle.
Euler (EUL)
Over the past two weeks, EUL has made an impressive breakout with a 68% increase, currently trading around $11.71. This altcoin is only about 17.3% away from its historical peak of $13.74 – a distance that is not too far if the current uptrend is maintained. This development indicates that EUL is regaining momentum, with the next target likely being to establish a new all-time high (ATH).
Daily EUL/USDT chart | Source: TradingView
Positive signals are further reinforced as the Chaikin Money Flow (CMF) indicator records high inflows, reflecting strong interest from investors. As long as EUL maintains the important support area at $11.02, the uptrend still has a solid foundation to continue expanding, aiming for the $13.74 mark in the short term.
However, profit-taking pressure could expose EUL to the risk of correction. Losing two key support areas at $11.02 and $10.60 would open up the possibility of the price falling deep to the $9.89 level – thereby weakening growth prospects and signaling potential reversal in the market.
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