SYRUP hits $2.58B TVL milestone – But here’s what’s stopping the rally

• Syrup has seen a large inflow of liquidity from investors through segments of space and chain.
• Retail derivative traders continue to oppose the potential assembly and bet on a fall in prices.

Maple Finance [SYRUP] He saw a decent movement in the last 24 hours, with the assets rising by 3.34%, while its total monthly profits plunged to a slightly above 40%.

This Bull Movement comes in the middle of the influx of high liquidity into a report on the financing of maple financing, while investors in the whole market accumulate asset.

Interestingly, Ambrpto analysis shows that not all market segments support rally because some participants sell – here it could mean syrup.

What is that to stimulate syrup liquidity?

Data from Defill He confirmed that the Maple Finance experienced the increase in liquidity last day and shifted the total value locked (TVL) to historically maximum.

July 5, TVL reached $ 2.588 billion when investors put more syrup in the protocol, which probably signaled a long -term price view.

Over the past 30 days, TVL has increased by approximately 26%, indicating the consistent influx of capital – it is clearly reflected in the graphs.

This increase in liquidity was also accompanied by increased accumulation in the retail market market and smart money investors in the last 24 hours.

Intelligent Money – a well -known group of investors that permanently make profitable bets by purchasing low and high selling – according to a single day, the syrup of $ 1.56 million, according to a single day, called Nansen.

This recent accumulation brought their total weekly purchases to $ 5.6 million. A similar shopping wave was also observed on the spot market.

According to Coinglass’ This group of investors maintained a four -day purchase lane.

In the last four days alone, they have purchased a syrup worth approximately $ 1.2 million and moved assets to private wallet-which have seen a long-term view of their accumulation strategy.

There is an objection

However, the investors of the derivative market seemed to differ from the rest of the market because the bear sentiment continued to appear.

In particular, the rate of financing with an open interest rate fallen sharply To the negative area, with a print time of -0.0104%.

If the rate continues to fall, the syrup could enter a slightly remedial phase before its ascending movement is restored.

Conditional rally forward?

In order to determine the impact of the syrup will probably have on the price table, Ambrpto analyzed its price action and found a two -way potential for movement.

At the time of writing, the asset was traded within the bull pattern known as a symmetrical triangle. In fact, the syrup was heading towards the bottom of the chart, which was in line with an existing $ 0.5344 support.

Moving to this level means that the asset could break free from the pattern and get 6%, which moves the price to $ 0.5689.

Interestingly, there is a condition: if the syrup cannot collect on this support and decomposes, the current bull structure would have been involved and dropped to $ 0.5269.