Summary
•
tested key resistance at 0.285, breaking through after a bullish engulfing pattern.
• RSI and MACD show positive momentum, with RSI approaching overbought levels.
• Volatility expanded as price moved into the upper Bollinger Band, signaling aggressive buying.
• On-balance volume surged during the rally, confirming price action strength.
• Fibonacci retracement suggests 0.285–0.290 as likely consolidation after the breakout.
Maple Finance/Tether (SYRUPUSDT) opened at 0.2831 on 2025-12-18 at 12:00 ET, reached a high of 0.3056, a low of 0.272, and closed at 0.2976 at 12:00 ET on 2025-12-19. The 24-hour volume was 10,885,510.0 with a turnover of 2,863.83.
Structure & Formations
The price of SYRUPUSDT showed a clear bullish breakout from a consolidation pattern as it pierced key resistance near 0.285.
A bullish engulfing candle formed around 12:45 PM ET on 2025-12-19, confirming the reversal. A doji appeared at 0.2986, suggesting a potential short-term pause in the upward move.
Moving Averages and Momentum
The 5-minute 20- and 50-period moving averages are in bullish alignment, with price staying above both. The MACD turned positive, showing increasing momentum, while the RSI approached overbought territory, hinting that a pullback could occur if the rally stalls.
Volatility and Bollinger Bands
Bollinger Bands expanded during the breakout as volatility increased, and SYRUPUSDT closed near the upper band. This indicates strong buying pressure, but also suggests that the move may face near-term profit-taking.
Volume and Turnover
Volume surged significantly during the breakout phase, with a large 5-minute candle at 16:45 ET contributing 1,088,551.0 volume. The notional turnover spiked to 0.3056, aligning with the price move and confirming the strength of the rally.
Fibonacci Retracements
Applying Fibonacci to the recent 5-minute swing from 0.272 to 0.3056, SYRUPUSDT appears to be testing the 61.8% level around 0.288–0.292. A close above 0.295 may suggest a 78.6% extension as the next target.
The recent breakout and confirmation by volume suggest that SYRUPUSDT could continue its upward trend in the next 24 hours, potentially testing 0.295–0.300. However, a reversal from overbought RSI or a failure to stay above 0.290 could trigger a pullback. Investors should monitor volume patterns and key resistance levels for confirmation.
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