Maple Finance (SYRUP) surges as "whales" quietly accumulate, despite downward pressure in the market

Maple Finance price (SYRUP) continues its upward trend for the third consecutive session, surpassing the $0.27 mark during Thursday’s trading session, despite the bearish overall market sentiment over the past week. The current bullish momentum is significantly supported by strong accumulation activity from large whale wallets, which have taken advantage of recent market corrections to buy more SYRUP. At the same time, technical analysis signals also favor a recovery scenario, as momentum indicators show decreasing selling pressure and a diminishing bearish trend.

Maple Finance rises as whales buy during correction

Supply Distribution data (Supply Distribution) from Santiment clearly reinforce the positive outlook for Maple Finance, as multiple whale groups have been actively accumulating SYRUP during recent market dips.

Specifically, wallets holding between 100,000–1 million SYRUP (red line) and 10–100 million SYRUP (green line) accumulated a total of 48.31 million SYRUP from December 13th to Thursday. Conversely, wallets holding 1–10 million SYRUP (yellow line) sold 42.94 million tokens during the same period.

This movement suggests that the average whale group may have been influenced by capitulation, while larger wallets quickly seized the opportunity to increase their positions at attractive prices.

SYRUP supply distribution chart | Source: SantimentAdditionally, aggregated data from CryptoQuant continues to support the positive scenario, as Maple Finance’s spot market shows large buy orders from whales and a dominant buying side — a sign that a recovery trend may be forming soon.

Maple Finance price forecast: SYRUP momentum indicators show weakening selling pressure

Maple Finance price continues its recovery for the third consecutive session since Tuesday, with an increase of nearly 7% since the beginning of the week. As of Thursday’s trading session, SYRUP is approaching a key resistance zone around $0.28 — coinciding with the 38.2% Fibonacci retracement level, established from the peak on July 25th at $0.68 down to the bottom on October 10th at $0.04.

In a positive scenario, if SYRUP breaks through and successfully closes above $0.28 on the daily timeframe, the upward momentum is likely to extend, pushing the price toward the 50-day exponential moving average (EMA) around $0.31.

Daily SYRUP/USDT chart | Source: TradingViewFrom a technical perspective, the Relative Strength Index (RSI) on the daily chart is currently at 45 and trending upward, approaching the neutral threshold of 50 — indicating that selling pressure is gradually weakening. To confirm the bullish trend, RSI needs to break above and stay above this level. Meanwhile, the MACD indicator continues to show a bullish crossover signal formed last week, further supporting a positive short-term outlook.

Conversely, if the correction pressure resumes, SYRUP could retreat to test the support zone around $0.23 — the low established on December 3rd.

SN_Nour