Maple Finance's native token, SYRUP, reached a record peak of $0.6195 amid a robust upward rally, marking an 18% surge during the latest trading session. Over the preceding month, SYRUP gained over 60%, driving its market capitalization from $430 million to approximately $700 million.
Technical indicators underscore strong bullish momentum, with the Aroon Up indicator at 100%, signaling solid buying pressure. Additionally, futures open interest surged 16% in the past 24 hours, climbing to $50 billion, pointing to increased trader participation and conviction in the token's continued rally.
The protocol’s total value locked (TVL) hit an all-time high of $1.566 billion, reflecting expanding adoption and usage of Maple Finance’s lending and borrowing services. Support levels clustered between $0.45 and $0.52 have held firm during recent pullbacks, providing a stable foundation for price appreciation. Resistance levels near $0.60-$0.62 and a stronger barrier at $0.65 may be tested if bullish momentum persists.
Maple Finance enjoys recognition in institutional circles, being part of Grayscale Research’s Top 20 coin list, which highlights its growing importance in real-world assets protocols. Despite a slight retreat from the all-time high to around $0.6062 at press time, the token is positioned to reclaim and surpass its peak if bullish market conditions continue.