SYRUP Token Hits Resistance as Maple Network Shakes Up Protocol

DeFi’s latest drama unfolds as SYRUP forms a textbook double-top pattern—just as Maple Finance rolls out sweeping network upgrades. Traders eye the $0.50 level like hawks while liquidity pools reshuffle.

Behind the scenes: Maple’s overhaul slashes settlement times by 40% but introduces new slashing risks. ’Innovation or desperation?’ whispers one hedge fund manager between sips of overpriced cold brew.

Meanwhile, yield farmers play musical chairs with their collateral—because nothing says ’sound money’ like chasing APYs that vanish faster than a VC’s promises.

SYRUP price technical analysis

The eight-hour chart shows that the SYRUP price formed a double-top pattern at $0.3828. Its neckline was at $0.3110, which coincided with the 23.6% Fibonacci retracement level. A double-top is one of the most bearish patterns in technical analysis.

The Average Directional Index, which measures the strength of a trend, has dropped from 60 to 38.9. Therefore, it is likely that the coin will face further downside, with the next target being $0.31, the 23.6% retracement level.

A drop below that support would suggest more selling pressure, potentially toward the 50% retracement level at $0.2345, down 33% from the current price. A MOVE above the double-top would invalidate the bearish outlook.