SYRUP Crypto Surges 34% – Bull Run or Bear Trap? Here’s What Traders Need to Watch

SYRUP just pulled off a jaw-dropping 34% rally—but the charts are flashing warning signs. Is this the start of a new altseason or another 'buy the rumor, sell the news' circus?

Price action gone wild

The token's parabolic move would make even meme coin degens blush—until you spot the bearish divergence on the RSI. Classic crypto: the higher it climbs, the harder the leverage longs will crash.

Whales vs. retail

On-chain data shows addresses holding 100k+ SYRUP have been quietly accumulating since May. Meanwhile, the 'when lambo' crowd FOMOed in at the top—because nothing screams 'sound investment' like chasing green candles.

What's next?

The 200EMA on the 4H chart is holding… for now. Break that, and we're looking at a liquidity hunt toward the last support zone. Hold? Could retest ATHs before the inevitable 'macroeconomic conditions' excuse kicks in.

Remember folks: in crypto, 34% gains are just the market's way of saying 'your exit liquidity is ready.'

Investor sentiment fuels bullish rally

According to CoinGlass, traders have placed significant bets on SYRUP’s continued rally.

The Taker Buy/Sell Ratio, which tracks buying and selling activity in the derivatives market, shows increased buying activity as the ratio crossed above 1.

This buying trend coincided with a sharp rise in open derivative contracts.

Source: CoinGlass

As of writing, the Open Interest Weighted Funding Rate stood at 0.0022%, confirming heightened activity.

When this metric remains in positive territory, it suggests strong bullish sentiment. A sustained upward trend indicates SYRUP could continue in this direction.

Also contributing to this outlook is a rise in Community Sentiment, a metric used to gauge whether investors expect a rally or price drop.

Source: CoinMarketCap

Press time data from CoinMarketCap showed that investors, despite SYRUP’s recent gains, are likely to continue holding the asset, supporting a more bullish long-term outlook, than take profit.

Rally faces resistance as selling pressure mounts

Despite the optimism, the rally is not confirmed. Some investors are placing sell orders, increasing downward pressure. Spot traders are contributing to this pressure.

As of writing, over $1.3 million worth of SYRUP has been sold, marking the second-highest daily volume for the asset this year.

Source: Coinglass

This selling has continued for several days, bringing total weekly sales to $3.6 million; the highest level recorded.

If this selling trend continues, SYRUP risks losing the gains accumulated during the past four weeks of its rally. To assess its next move, AMBCrypto analyzed the asset’s liquidity position on the charts.

Liquidity analysis suggests mixed outlook

A review of the liquidation heatmap shows no clear directional bias for SYRUP.

There are liquidity levels both above and below the current price. However, there are larger liquidity clusters above, increasing the probability of an upward move.

Source: CoinGlass

When high liquidity sits above the current price and the price trends in that direction, it often indicates a likelihood of continued movement toward those levels.

If SYRUP first rallies into those zones and clears the unfilled orders above, it could then reverse downward, especially if significant unfilled orders also sit below.

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