Maple Finance price rose by 1.50%on Friday, because data on chains showed that Smart Money investors bought the recent dip.
Maple Finance (syrup) token climbed to $ 0.5365, just above the low point of $ 0.4912. This year more than 520% has risen and has brought its market capitalization to $ 638 million.
According to Nansen -data, Smart Money investors collect syrup, which points to expectations of continued upside down. These investors have bought tokens worth $ 3.13 million in the last seven days, which means that syrup is the most purchased token in this period.
Extra Nansen -Data shows that the Top 100 addresses have increased their participations by 10% in the past week, now a total of 1.07 billion tokens. The whale ownership also rose by 4% to 9.27 million, while the number of syrupo -chists at trade fairs fell by 1.7% to 262 million.
Whales and smart money investors probably buy because of the constant growth. Facts show That the total value locked has risen to $ 2.8 billion, an increase of $ 540 million from January 1.
Active loans on the platform now exceed $ 1.2 billion, while the protocol income has risen. Maple Finance has already generated $ 4 million in income this year, well above $ 2.5 million that it earned for the entire year.
SIROPROOPH PROCESS TECHNICAL Analysis
The daily graph shows that Maple Finance was a double bottom at $ 0.089 in February and April. It broke above the neckline for $ 0.1930 in May and became parabolic while whales and smart money stacked.
Sirup has moved above the 50-day advancing average and has formed an increasing channel. The relative strength index and the MacD indicators have also continued to rise.
That is why the currency will probably continue to rise because bulls focus on the most important resistance at $ 0.6575, the highest point this year. This price is around 22% above the current level. A movement above that price will indicate more profit at $ 1.
