Maple Finance Token Price: A Sweet Surge or a Sticky Situation?

🍯📈 Maple Finance token price is buzzing with excitement, reaching its highest point since November!

Maple Finance (SYRUP) price jumped by over 8% on June 16, up 512% from its lowest point this year. This surge has pushed its market capitalization to over $600 million, while its 24-hour volume soared 74% to $90 million.

SYRUP price has jumped as the total assets under management in the ecosystem soar. Data on its website shows that its assets under management has risen to $2.23 billion, just weeks after crossing the $2 billion milestone.

Separate data compiled by DeFi Llama shows that the total value locked in its platform has surged to $1.6 billion from $298 million in January, a 433% increase.

This surge was driven by the High Yield Secured Lending product, which has accumulated over $424 million in assets. This fund lets users invest in a product backed by liquid tokens like Bitcoin (BTC) and Ethereum (ETH).

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The 12-hour chart shows that Maple Finance price has been in a strong surge in recent weeks, rising from $0.087 in April to $0.5340.

It has moved above the 50-period and 25-period Exponential Moving Averages, a sign that bulls have prevailed.

Most recently, SYRUP price moved above the key resistance at $0.4590, invalidating the double-top pattern whose neckline was at $0.3185.

It then made a break-and-retest pattern by returning to $0.4590. A break-and-retest pattern is a common bullish continuation signal.

Therefore, SYRUP price will likely continue rising as bulls target the next psychological point at $0.5500. A drop below the double-top point at $0.4590 will invalidate the bullish view.

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2025-06-16 16:13