Technical Outlook: Can SYRUP Rebound Within the Descending Channel?
Maple Finance (SYRUP) is currently holding just above the Pivot S1 level at $0.2497, a short-term support zone formed after a prolonged 31-day decline that erased nearly 35% of its value. Price action remains confined within a broader descending channel on the daily timeframe, defined by two parallel trendlines that continue to guide the bearish structure.
A technical rebound scenario could see SYRUP retest the 50-day EMA near $0.3176, followed by the 200-day EMA around $0.3666 — an area that aligns with the upper boundary of the channel and acts as major resistance. A breakout above this zone would signal a potential trend shift rather than just a relief rally.
Momentum indicators suggest selling pressure is gradually fading. RSI is hovering around 36, stabilizing above oversold territory, while MACD is approaching a bullish crossover as the negative histogram contracts — an early sign of possible upside momentum.
Trading Plan (Long-Term Swing Setup):
• Buy Zone: $0.2550–$0.2700 (on bullish confirmation)
• Stop Loss: $0.2190
• TP1: $0.3176
• TP2: $0.3666
• Extended TP (if breakout): $0.4200
Alternative Short Setup:
If daily close below $0.2497:
• Sell Entry: Below $0.2450
• SL: $0.2680
• TP: $0.1937
Always manage risk carefully.
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