The SYRUP token from Maple Finance showed significant growth following its listing on the Binance exchange, indicating rising interest in the project.
SYRUP Token Price
The SYRUP token reached an intraday high of $0.29, marking an increase of over 240% from last month's low. As of the time of writing, it settled at $0.23, with a market cap around $253 million.
Listings on Binance and Bitget
The listing of SYRUP on major exchanges such as Binance and Bitget took place on May 6. Deposits opened immediately, while withdrawals will begin at 15:00 UTC. Experts suggest that such listings serve as price catalysts by significantly enhancing token accessibility for investors.
Market Analysis and Predictions
Analyst data shows that the 20-day EMA has crossed above the 50-day EMA, forming what is known as a 'golden cross', which is a bullish signal. However, the Relative Strength Index is currently at overbought levels, indicating a potential short-term pullback.
The strong growth of the SYRUP token and successful listings on major exchanges indicate rising interest in the Maple Finance project. The next resistance levels are seen around $0.30 and $0.40.
