Maple Finance (SYRUP) Price Prediction: Total Lock-up Position Reaches $2.588 Billion, But What Is Preventing It from Pumping?

Today (7) in the Asian early session, Maple Finance (SYRUP) has slightly rebounded to 0.5593 USD, with SYRUP recording a significant influx of liquidity from spot and on-chain investors. However, retail derivatives traders continue to bet against a potential pump, wagering on a price fall.

SYRUP is witnessing a bullish trend just as a large amount of liquidity is flowing into the Maple Finance protocol, and investors across the entire market are accumulating the asset. Interestingly, analysis from AMBCrypto indicates that not all market segments are supporting the rebound, as some participants are selling off.

What factors drive the liquidity of SYRUP?

DefiLlama data confirms that Maple Finance experienced a surge in liquidity over the past day, pushing its Total Value Locked (TVL) to an all-time high. On July 5th, as investors deposited more SYRUP into the protocol, the TVL reached $2.588 billion, which may indicate long-term price prospects.

In the past 30 days, the TVL has increased by about 26%, indicating a continuous inflow of capital - this is clearly reflected in the chart. The surge in liquidity is also accompanied by an accumulation increase in the retail Spot market and smart money investors in the past 24 hours.

Nansen stated that smart money (a group of well-known investors who consistently profit by buying low and selling high) accumulated $1.56 million worth of SYRUP in just one day.

Recent accumulation has brought their total weekly purchase volume to 5.6 million dollars, and a similar buying wave has appeared in the Spot market.

According to CoinGlass's spot exchange Netflow data, this group of investors has maintained a continuous buying streak for four days. In just the past four days, they have purchased approximately $1.2 million worth of SYRUP and transferred the assets to private wallets—indicating that their accumulation strategy is backed by long-term price prospects.

However, investors in the derivatives market seem to diverge from other markets, with bearish sentiment continuing to emerge.

It is worth noting that the weighted financing rate for open interest contracts has sharply dropped into negative territory, with the reading at -0.0104% as of the time of writing.

If the coin price resumes falling, SYRUP may enter a slight adjustment phase and then rebound.

Is there a conditional rebound in the future?

To determine how much impact SYRUP may have on price charts, AMBCrypto analyzed its price trends and discovered the potential for bidirectional fluctuations.

Currently, the trading pattern of SYRUP is a bullish pattern known as a symmetrical triangle. In fact, SYRUP is moving towards the bottom of the chart, aligning with the existing support level of 0.5344 USD.

Entering this level means that the asset may break through the pattern and pump 6%, pushing the price up to 0.5689 USD.

Interestingly, there is a condition: if SYRUP fails to rebound at this support level and falls below it, it will invalidate the current bullish structure and drop to $0.5269.

(Source: Trading View)