Mask Network

The Mask

<ul class="list-ic vertical">
 <li><span>1</span> <a>Mask Network (MASK) token price chart displays bearish momentum over the past few trading sessions.</a></li>
 <li><span>2</span> <a>Technical indicators are suggesting sharp volatility ahead.</a></li>
</ul>
<p>The Mask Network price signifies a sharp selloff, and the token has breached its essential support zone of $4 mark. Moreover, the token has delivered a follow-on decline in the form of bearish marubozu candlesticks. The trend is negative, and the token has delivered underperformance for the past weeks. Last month, the token reached a cliff of $6, but the craze did not last long, and sellers entered into the battle and led a sharp throwback of over 35% this month.</p>
<p>At press time, the Mask Network token (MASK) price traded at $3.47 with an intraday drop of 0.56%, reflecting neutrality on the charts. It has a monthly return ratio of -22.39% and -29.80% yearly. The pair of MASK/BTC is at 0.0000545 BTC, and the market cap is $234.52 Million. Analysts are neutral and suggest that the MASK token may soon retest the round mark of $3.</p>
<h2 class="wp-block-heading" id="strong-mask-price-volume-profile-on-daily-charts-strong"><strong>MASK Price Volume Profile On Daily Charts</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (MASK), Volume (MASK)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum-classic&amp;pt=ETC&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_3UF1IuKAQ_R3&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bmask-network%3BMASK%5D%3B%5B1%3Bvolume_usd%3Bmask-network%3BMASK%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>On the daily charts, the price-to-volume profile of the Mask Network highlights that the token has hovered in the downside trajectory and is willing to pull back. Following the negative market sentiments, buyers have remained trapped and have not yet been able to lead any rebound. The intraday trading volume surged over 34.67% to $50.34 Million.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-weighted-sentiment-outlook-strong"><strong>Price Volatility &amp; Weighted Sentiment Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (MASK), Weighted sentiment (Total) (MASK)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum-classic&amp;pt=ETC&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_3UF1IuKAQ_R3&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bmask-network%3BMASK%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bmask-network%3BMASK%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Amidst the range-bound price move, the token displays a significant upmove in the price volatility curve this week. The price volatility curve noted an increase of over 3.20% to 0.021. However, the weighted sentiment stayed near the midline around -0.522, replicating a neutral outlook on the charts.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-x-followers-overview-strong"><strong>Social Dominance &amp; X Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (MASK), Twitter Followers 7d (MASK)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum-classic&amp;pt=ETC&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_3UF1IuKAQ_R3&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bmask-network%3BMASK%5D%3B%5B1%3Btwitter_followers_7d%3Bmask-network%3BMASK%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The social dominance data noted a spike and bounced over 3.40% to 0.068%, signifying a neutral outlook in the media discussion reports. Conversely, the X followers data shows stability, it stayed near the midline around -2.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Total Open Interest Insights</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (MASK), Total Open Interest in USD (MASK)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum-classic&amp;pt=ETC&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_3UF1IuKAQ_R3&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bdev_activity%3Bmask-network%3BMASK%5D%3B%5B1%3Btotal_open_interest%3Bmask-network%3BMASK%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The development data witnessed an upmove of over 14.67% and spiked above the midline around 114, showing a positive outlook. However, the derivative data signifies a short buildup outlook, and the open interest increased over 1.79% to $27.91 Million in the intraday session.</p>
<p>Per the Fib levels, the Mask Network <a href="https://www.thecoinrepublic.com/2024/04/19/blur-price-hovers-near-52-week-low-can-bulls-attain-a-pullback/" target="_blank" rel="noopener noreferrer nofollow">price</a> is trading in the bearish trajectory and replicates underperformance for the past few weeks. Similarly, the RSI curve stayed in the oversold region, and a negative crossover was noted on the charts. The price action shows a death crossover and highlights the bear dominance.</p>
<p>The total supply of the Mask Network token is 101.59 Million, whereas the volume-to-market cap ratio is 0.0216, and it is ranked 232 in terms of market cap in the global crypto market.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Mask Network (MASK) token price signifies bearish momentum and trades below its key moving averages. Furthermore, the trend is bearish, and the token may continue to underperform in the following sessions. Additionally, the token may replicate a fresh selloff and extend the correction shortly.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $3 and $2.80</p>
<p><strong>Resistance Levels:</strong> $3.80 and $4</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person in this article are for informational purposes only and do not constitute financial, investment, or other advice.</p>

MASK Price Near Demand Zone of $3: Extended Drop Ahead?

Table of Contents

Thecoinrepublic.com

Other articles published on Apr 20, 2024

SOL Price Fluxes Amid Solana Devnet’s Successful Restart For Second Time

The 2024 Bitcoin halving is the “most bullish” setup for BTC price

Optimism Crypto Hits 5-Month Low: Is It A Buy Now Opportunity?

Egrag Crypto Forecasts Massive Price Pump for Ripple, Investors Move To New Altcoin As Injective ...

Key 5 Altcoins to Watch for 10x-100x Profits: Grab Them Today!

AI and Automation Poised to Transform Payroll Processing for Australian SMEs

Join our free newsletter for daily crypto updates!