The crypto market remained in a tight range on Thursday as the recent rally stalled. Bitcoin was trading at $104,000, a level it has been stuck at in the past few days. Similarly, other top cryptocurrencies like Ethereum and XRP were stuck at the same level. This article forecasts three coins: Quant (QNT), Amp (AMP), and Maple Finance (SYRUP).
Maple Finance price technical analysis
Maple Finance is a top player in the crypto industry, providing lending solutions to global investors. Users can lend their coins in its three pools: blue chip secured, high yield secured, and BTC yield. The BTC yield product enables Bitcoin holders to earn a native BTC yield without incurring substantial risks.
Maple Finance also provides loans, mostly to institutional customers. Over time, it has issued loans worth almost $7 billion, a growing trend. Maple has a total value locked of over $1.5 billion, making it one of the biggest players in the DeFi industry.
The SYRUP token has surged in the past few weeks, helped by the ongoing exchange listings. It was listed on HTX last week and Binance and Bitget this week. Historically, crypto prices do well after top exchanges list them.
Maple has landed in Asia. • $SYRUP now trading on @binance and @bitgetglobal. • First team member hired in Hong Kong. • Expanding syrupUSDC utility across earn programs. And we’re just getting started…
The four-hour chart shows that the SYRUP price has rebounded in the past few weeks. It jumped from a low of $0.084 in April to a high of $0.3240 this week. The risk, however, is that the token has formed a double-top pattern, a popular bearish reversal sign.
Therefore, there is a risk that the Maple Finance token will resume the downward trend as bears target the double-top’s neckline at $0.2323, about 20% below the current level.
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AMP price prediction
The daily chart shows that the AMP price bottomed at $0.0032 in April and has now bounced back by about 70% to the current level of $0.0050. It has formed a rounded bottom pattern and risen above the 50-day moving average.
Amp token has formed a giant double-bottom pattern at $0.0032. A double bottom is one of the most bullish reversal chart patterns in technical analysis.
The Relative Strength Index (RSI) and the MACD indicators have all pointed upwards, a sign that it is gaining momentum. Its RSI has moved to the overbought point at almost 80.
Therefore, the Amp price will likely keep rising as bulls target the 50% Fibonacci Retracement level at $0.0087, up by 68% above the current level. A move below the support at $0.0031 will invalidate the bullish outlook.
Quant price analysis
The Quant token has rebounded in the past few months, moving from a low of $58.45 to $100. This recovery happened because of the ongoing growth of the Real World Asset (RWA) tokenization industry.
QNT token jumped after it was selected as a technology provider by the European Central Bank (ECB) as it works on the digital euro. The coin has rallied above the 50-day moving average and the upper side of the falling wedge pattern. A wedge is one of the most bullish patterns in technical analysis.
The Relative Strength Index (RSI) has moved to the overbought level of 71. Similarly, the moving average convergence and divergence (MACD) has continued rising and recently crossed the neutral point.
Therefore, the coin will likely continue rising as bulls target the next key point at $125, up by 25% above the current level. This price is about 38.2% retracement point. A drop below the support at $80 will invalidate the bullish outlook.
Read more: How high will the Shiba Inu price go if Ethereum hits an all-time high
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