The distinctive symbol of the drink faces rejection at $ 0.58 – analysis of the following … star-news.press/wp

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The maple financing had a significant annual quarterly performance like a protocol. In conjunction with Upbit menu news, the distinctive symbol symbol rose up, and the gathering may see the new highlands at all.

MAPLE Finance has almost the highest new level ever after it has increased for a short period of $ 0.6. This upscale increase came after the exchange of South Korean Popular encryption Upbit advertise Drink menu.

I also released maple financing Q2 Market Report. Its quarterly revenues increased by 154 %, and its repeated annual revenues (ARR) increased by 200 % of the first quarter.

They emphasized that the performance of the protocol directly affects the symbol of the governance symbol, with 20 % of revenues to finance the re -purchase of the distinctive symbol.

These morale has greatly strengthened, and you can see more distinctive. However, technical analysis gave some warning signs.

Could this gathering be a step of Sell-The News?

Source: syrup/USDT on TradingView

The Rally of drink started on Monday, July 21. The distinctive symbol of local support has risen at $ 0.4, a level that has been respected since June. It rose to $ 0.65, the highest local level of last month, and witnessed a rejection in the last hours.

While the daily trading volume has been increased to the top, rejection from the highest local level is 19.7 %.

The Q2 report and the exchange of the exchange list should have been sufficient to challenge $ 0.65 more convincing, or even turn the support resistance.

In the next few days, this upcoming result can still occur, especially if Bitcoin (BTC) can continue his upscale reaction to supporting a 115,000 -dollar round number.

However, as things continue, the decline to less than $ 0.625 appears to be an early sign that the maple financing code will need time to monotheism.

The price movement in the last hours witnessed that a syrup was rejected from a level of $ 0.58, which was the level of resistance in the first week of July. This was a sign that the drink has a short -term bias.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer