Market Overview for Maple Finance/Tether (SYRUPUSDT)

Summary
• Price formed a bullish engulfing pattern near key support at 0.3502.
• Momentum accelerated above 0.361, with RSI suggesting moderate overbought conditions.
• Volatility increased as price moved out of a Bollinger Band contraction.
• Turnover surged 33% after 19:00 ET, supporting the upward trend.

At 12:00 ET on January 16, 2026, Maple Finance/Tether (SYRUPUSDT) opened at 0.3494, reached a high of 0.3662, and closed at 0.3635. Total 24-hour volume was 8,250,616.0, with a notional turnover of 2,928,087.89.

Structure & Formations

The price displayed a bullish engulfing pattern near support at 0.3502 during the early hours, suggesting a reversal of the downtrend. A doji formed near 0.364 during late afternoon, hinting at indecision among traders.

Moving Averages

On the 5-minute chart, the 20-period MA was bullish, staying below price action. The 50-period MA also provided support near 0.355–0.357.

MACD & RSI

The MACD crossed above the signal line during the 18:00–20:00 ET window, confirming bullish momentum. RSI reached 64–67 in the late hours, indicating moderate overbought conditions but not yet extreme.

Bollinger Bands

Volatility expanded after 19:00 ET, following a period of contraction. Price remained within the upper band, suggesting strength in the rally.

Volume & Turnover

Volume surged by 33% after 19:00 ET, with the highest single candle turnover at 115,785.19 during the 23:30 ET window. Price and turnover were in alignment, supporting the bullish bias.

Fibonacci Retracements

Key Fibonacci levels on the 5-minute chart included 0.361 (38.2%), 0.363 (50%), and 0.364 (61.8%). Price stalled briefly at 0.364 but continued upwards after volume confirmation.

The market appears to have momentum above 0.361, with potential for a test of 0.365–0.366. However, a pullback into 0.360–0.359 may occur for consolidation. Traders should monitor the 0.358–0.359 zone for possible support.