SYRUP crypto jumps 34% but bearish signals emerge – What’s next?

• Syrup was at the assembly, driven by futures traders that open long positions on asset.
• The traders on the spot are against the assembly and add pressure on the price down.

Over the past 24 hours, Maple Finance [SYRUP] He jumped by 19%and moved his monthly profit to 34%.

While the market sentiment seems to support upwards, weakening signals that could oppose the dynamics of assets remain. That’s how it could play:

Investor Sentiment of Bull Rally Fuel

According to Coinglass, traders put significant bets on the continuing rally syrup.

The purchase/sale ratio of the recipient, which monitors the purchase and sales activity in the derivative market, shows an increased purchase activity because the ratio exceeded above 1.

This shopping trend coincided with a sharp increase in contracts on open derivatives.

Since writing, the rate with open interest rates was 0.0022%, which confirmed increased activity.

When this metric remains in a positive area, it indicates a strong bull sentiment. The permanent trend suggests that the syrup can continue in this direction.

This outlook is also contributing to the increase in community sentiment, a metric used to assess whether investors expect a rally or a decline in prices.

By pressing time data from Coinmarketcap They showed that investors, despite recent syrup profits, are likely to continue holding asset and support the bull long -term outlook than profit.

Rally faces resistance as sales pressure mounts

Despite optimism, the rally is not confirmed. Some investors place sales orders and increase pressure down. Point traders contribute to this pressure.

More than $ 1.3 million worth $ 1.3 million has been sold since writing, which this year has marked the second highest daily volume.

This sale continued for several days and the total weekly sales reached $ 3.6 million; recorded highest level.

If this sales trend continues, the Serup risk loss of profits accumulated over the last four weeks of its rally. To assess his next step, Ambrpto analyzed the position of the liquidity of assets in the graphs.

Liquidity analysis suggests a mixed outlook

An overview of the thermal map of the disposal does not show any clear directional distortion for the syrup.

There are levels of liquidity above and below the current price. However, the above are the above larger liquidity clusters, which increases the likelihood of ascending movement.

When high liquidity is above the current price and price trends in this respect, it often indicates the probability of continuing movement towards these levels.

If the syrup first gather into these zones and cleans the above orders, then it could turn down, especially if there are also significant unoccupied commands.