Market Overview for Maple Finance/Tether (SYRUPUSDT) – 24-Hour Analysis (2025-10-03)

• Price surged from 0.4022 to 0.4166 amid high volume, then consolidated in a bearish trend.
• Strong 15-minute RSI divergence and bearish engulfing patterns hint at potential reversal.
• Volatility expanded during peak bullish phase, later contracting as price declined.
• Bollinger Bands and Fibonacci levels confirmed key resistance near 0.4161 and support near 0.4000.
• Turnover spiked sharply after the 0.4112 breakout but diverged with weakening price action.

24-Hour Performance Summary

At 12:00 ET on 2025-10-03, Maple Finance/Tether (SYRUPUSDT) opened at 0.4022 and peaked at 0.4166 before closing at 0.4004. The 24-hour low was 0.3975. Total trading volume reached 9,477,152.3 units, with notional turnover of approximately 3,756,470.1 USD. Price action showed a sharp rally followed by a retracement, with bearish momentum intensifying after the 0.4112 peak.

Structure & Formations

The 15-minute chart displayed a strong bullish thrust in the late afternoon, reaching a high of 0.4166. This was followed by a bearish consolidation phase marked by several bearish engulfing patterns and a long-legged doji at 0.4012. Key support levels formed at 0.4000 and 0.3975, while resistance emerged near 0.4112 and 0.4161.

Support & Resistance

Immediate support levels appear at 0.4000 and 0.3975. Resistance is likely to be retested at 0.4012 and 0.4069. The 0.4112 level may act as a psychological barrier for further upward movement.

Moving Averages

On the 15-minute chart, the price closed below both the 20-EMA and 50-EMA, suggesting bearish bias. On the daily scale, price remains below the 50-EMA and 100-EMA, with the 200-EMA acting as a long-term floor.

MACD & RSI

The RSI showed overbought conditions at the 0.4166 peak but fell sharply into oversold territory, indicating potential exhaustion in both bullish and bearish phases. MACD confirmed bearish momentum with a narrowing histogram after the 0.4112 high. A bullish crossover in the MACD line could signal a short-term reversal.

Bollinger Bands

Volatility expanded during the bullish phase, with price reaching the upper band at 0.4166. After the peak, volatility contracted, and price remained near the lower band, suggesting bearish pressure. A break above the upper band would confirm renewed bullish momentum.

Volume & Turnover

Volume spiked dramatically during the rally from 0.4076 to 0.4166, particularly in the 18:45–19:30 ET window. However, volume declined in the bearish consolidation phase, even as price continued lower, suggesting weakening conviction. Turnover confirmed the volume pattern but diverged from price as the move into 0.3975 was volume-weak.

Fibonacci Retracements

From the 0.4022 low to the 0.4166 high, the 61.8% Fibonacci level sits at approximately 0.4096, which acted as a resistance during the consolidation phase. The 38.2% level at 0.4124 also showed bearish rejection. On the daily chart, key levels align with the 0.3975 low and 0.4166 high.

Backtest Hypothesis

The backtesting strategy described focuses on leveraging RSI divergence and volume confirmation for both long and short entries. Given today’s chart, a potential short entry could have been triggered after the bearish engulfing pattern at 0.4012, confirmed by declining volume and RSI divergence. A long setup might occur if price breaks above the 0.4069 level with a bullish MACD crossover and increasing volume. This strategy would have captured the bearish leg of the move and could potentially re-enter on a bullish rebound if volume and momentum align.