Market Overview for Maple Finance/Tether

Summary
• Price declined 9.7% over 24 hours, forming bearish momentum with RSI signaling oversold conditions.
• Volatility expanded after 23:15 ET, with a sharp pullback below key support at 0.3631–0.3639.
• Large-volume bearish reversal candles appeared near 0.368–0.370, hinting at distribution or short-term exhaustion.
• Bollinger Bands show recent price at lower band, suggesting potential bounce or continuation.
• Volume surged during the morning ET selloff, confirming bearish pressure despite price consolidation later.

The Maple Finance/Tether pair (SYRUPUSDT) opened at 0.3701 on 2026-01-02 12:00 ET, peaked at 0.3753, and closed at 0.3588 at 12:00 ET the following day, after hitting a low of 0.3531. Total volume reached 6,843,809.8 with a notional turnover of $2,459,776.70 over the 24-hour period.

Structure & Patterns

Price carved a distinct bearish trend, with multiple engulfing patterns visible in the 0.368–0.370 range. A key support level formed between 0.3631 and 0.3639, which was violated in the early morning ET with a volume spike. A doji appeared at 0.3643, hinting at potential indecision, while a long bearish candle near 0.3585 suggested a possible near-term bottoming process.

Momentum and Volatility

The RSI dipped below 30, indicating oversold conditions, but failed to trigger a strong rebound, pointing to weak buying interest. MACD remained negative throughout the session, with the histogram contracting, suggesting weakening bearish momentum. Bollinger Bands expanded during the selloff, and the price currently rests near the lower band, which may either act as a temporary floor or be broken further down.

Volume and Turnover

Volume spiked dramatically during the 23:15–04:30 ET timeframe, coinciding with the largest downward move. Turnover confirmed bearish sentiment during this phase, while later consolidation was marked by lower-volume trading. A divergence appears between volume and price in the late morning ET as turnover dropped despite a modest recovery attempt.

Fibonacci Retracement Levels

Key Fibonacci levels from the 0.3728 high to 0.3531 low include 38.2% at 0.3644 and 61.8% at 0.3575. Price appears to have bounced from the 61.8% level but remains below the 50% retracement at 0.3629, suggesting a continuation of the bearish trend is more likely.

The next 24 hours may see a test of the 0.3575–0.3585 range as a potential support zone. While oversold conditions may prompt a short-term bounce, the bearish bias remains intact. Investors should remain cautious of any break below 0.3545, which could trigger further liquidation.