SYRUP Price Hits 30-Day High as Upbit Listing Sparks Frenzy

Decentralized finance token SYRUP is today’s top gainer. It has climbed over 20% in the past 24 hours, bucking the broader crypto market decline. 

The double-digit rally follows SYRUP’s listing on Upbit, the largest cryptocurrency exchange in South Korea and one of Asia’s most active trading platforms.

Maple Finance’s SYRUP Hits 30-Day High on Upbit Buzz 

During Friday morning’s Asian trading session, leading cryptocurrency exchange Upbit announced the launch of trading support for Maple Finance’s SYRUP token across its KRW, BTC, and USDT markets. The listing has sparked a surge in market demand for the altcoin, propelling it to a 30-day high of $0.61 at the time of writing.

While the pullback in BTC’s price below $118,000 has dampened investor interest across multiple assets today, SYRUP has posted a 24-hour trading volume exceeding $420 million. On-chain data shows that this has climbed by over 230% as the altcoin’s price rallies. 

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When an asset’s price rally is accompanied by rising trading volume, it signals strong bullish momentum backed by genuine market interest. 

For SYRUP, the surge in both metrics following its Upbit listing suggests traders are actively accumulating the token, reinforcing the strength of the breakout.

Moreover, readings from the token’s Aroon Up Line confirm this bullish outlook. SYRUP’s Aroon Up line currently sits at 100%, a level that signals strong bullish presence and the likelihood of a continued uptrend. 

The Aroon indicator is a technical analysis tool that measures the time elapsed since the most recent highs or lows to identify trend direction and strength. When its Up Line is at or near 100%, the asset’s price has hit new highs, indicating strong buy-side pressure. 

This is true of SYRUP, which has also printed a fresh local high, reinforcing traders’ confidence that the rally has room to run.

SYRUP Eyes All-Time High as Bulls Defend $0.59 Support

On the daily chart, SYRUP currently holds above a newly established support level of $0.59. Sustained buying pressure at this zone could propel the altcoin toward its next key resistance at $0.62. A successful breakout above that level may open the path to retest its all-time high of $0.69. 

However, if demand weakens and profit-taking accelerates, SYRUP risks slipping below the $0.59 support and surrendering recent gains.