Key Takeaways
- Maple Finance’s token SYRUP surged 140% in 30 days, hitting $0.42, making it the top gainer among the top 300 cryptos.
- The rally followed Maple Finance’s announcement that a Bitcoin-backed credit facility had been closed with global bank Cantor.
- The TVL has reached $1.26 billion, and indicators show that SYRUP’s price can soon hit a new all-time high of $0.50.
One week after decentralized finance (DeFi) platform Maple Finance unveiled a Bitcoin-backed credit facility, its native token, SYRUP, has skyrocketed, becoming the top gainer among the top 300 cryptos.
At press time, SYRUP’s price is $0.42. This value represents a staggering 140% surge over the past 30 days. Year-to-date, SYRUP, the token fueling Maple Finance’s crypto lending ecosystem, has soared 176%, cementing its position as one of 2025’s top-performing assets.
While such growth might raise concerns about a potential overvaluation, CCN’s analysis suggests otherwise. This piece reveals the driving forces behind SYRUP’s rally and what could lie ahead for the token.
Maple Takes DeFi to Wall Street, SYRUP Reacts
The 4-hour chart shows SYRUP’s price has been hitting higher lows since the weekend. This was after the altcoin broke out of a descending channel on the same timeframe.
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Technical indicators reinforce the bullish sentiment. The Relative Strength Index (RSI) continues to rise, pointing to bullish momentum. Like the RSI, the Chaikin Money Flow (CMF), which uses volume to track buying and selling pressure, has crossed the zero line.
This move confirms that bulls have seized control of market momentum. If this trend continues, SYRUP’s upswing might continue.
Outside of the outlook, CCN notes that SYRUP’s price surge also happened due to Maple Finance’s successful close of its first Bitcoin-backed financing deal.
On Tuesday, May 27, Maple Finance announced it had closed a Bitcoin-backed credit facility with global investment bank Cantor. With the deal, Maple said it will continue to bridge the gap between DeFi and traditional finance.
TVL Hits Record High
Beyond the credit facility announcement, Maple Finance has seen a boost in its Total Value Locked (TVL). Based on data from DeFiLlam, the TVL surged to an all-time high of $1.26 billion.
Typically, an increase in TVL indicates an increase in assets deposited. However, a decrease in the metric points to capital withdrawal, which may occur from user concerns about diminishing yield or better opportunities elsewhere.
For Maple Finance, the recent TVL surge to $1.26 billion indicates increased liquidity on the protocol. If sustained, this could attract new users, which in turn can generate higher fees for the platform, and drive its price higher
SYRUP Price Prediction: New High Possible
A golden cross has formed on the daily SYRUP/USD chart — an important bullish signal where the shorter-term Exponential Moving Average (EMA) crosses above the longer-term EMA.
In this case, the 20 EMA (blue) has crossed above the 50 EMA (yellow). Due to this, SYRUP’s price is unlikely to drop below the support line at $038 and is positioned at the 0.236 Fibonacci level.
This crossover suggests strong support around the 0.236 Fibonacci retracement level at $0.38, making a drop below this point unlikely.
Instead, SYRUP’s price could extend its rally toward $0.47. Hitting $0.47 may pave the way for a push to $0.50, potentially establishing a new all-time high.
That said, if profit-taking intensifies, this bullish outlook could falter. In such a scenario, SYRUP might break below the $0.38 support and decline to around $0.32.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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