SYRUP (Maple Finance) fell 4.00% in the last 24 hours.

Gate News Bot news, July 11, according to CoinMarketCap data, as of the time of publication, SYRUP (Maple Finance) is currently priced at $0.50, having fallen 4.00% in the last 24 hours, with a high of $0.58 and a low of $0.46. The current market capitalization is approximately $598 million, a decrease of $24.883 million from yesterday.

Maple Finance is a professional cryptocurrency asset management platform that provides high-quality yield and capital solutions for institutions and individuals. The platform offers a variety of investment products, including Blue Chip, High Yield, and Bitcoin Yield, with annualized returns ranging from 4% to 10%. Maple Finance emphasizes industry-leading transparency, with all loan, collateral, and transaction details verifiable on the blockchain. Additionally, the platform focuses on risk management, combining decades of financial services expertise with advanced systems to reduce risk and ensure security.

Important news about SYRUP recently:

1️⃣ Total locked volume hits an all-time high The total value locked (TVL) in the Maple Finance protocol reached a historic high of $2.588 billion on July 5, growing by approximately 26% over the past 30 days. This surge reflects the increasing confidence of investors in the protocol, which may indicate a positive long-term price outlook for SYRUP.

2️⃣ Institutional investors significantly increased their holdings Large investors (commonly known as "smart money") have accumulated $1.56 million worth of SYRUP in the past 24 hours, bringing their total purchases for the week to $5.6 million. This continued influx of capital indicates that institutional investors are optimistic about the future development of SYRUP.

3️⃣ Technical analysis shows potential breakout signals SYRUP is currently approaching an important support level at $0.555, just 18% away from the historical high of $0.657. Technical indicators show that if this support level is successfully maintained, SYRUP is expected to continue its recovery momentum and potentially break through the historical high.

From a technical perspective, SYRUP is currently forming a bullish pattern of a symmetrical triangle, with the key support level at $0.5344. If it can effectively bounce back at this position, it may drive the price up by 6% to $0.5689. However, if it falls below the support level, it could lead to further decline to $0.5269.

This message is not intended as investment advice; investors should be aware of market volatility risks.