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- 1 The price of MASK is currently trading near $3.51 with an appreciation of 77.55% in the 24-hour trading volume.
- 2 The MASK price is up by 2.79% within the last 7 days.
Mask price prediction indicates that the bears are starting to appear in the bull market. Mask has been moving in a bull trend for the past few months where it gave an extremely bullish movement of more than 95% on each turn; finding constant support from the 200 EMA.
Recently, after making a bearish double top pattern while taking rejection from $5.000, MASK made a bearish breakdown through the 200 EMA on the daily timeframe. Strong buyer support is required to initiate a break-out in order to make a bullish recovery.
Mask Price Prediction: Technical Analysis on Daily Chart
MASK price prediction suggests that the bulls are losing control. Mask price chart shows a surge in selling pressure, which can rise significantly if it fails to make a recovery by breaking out of its current resistance.
Mask price may continue to see a bearish decline in its value unless it gains the support of buyers to make the breakout. The current RSI value of the MASK token is 41.16 points. The RSI line is taking resistance from the 14 SMA around 43.40 points.
Technical Analysis on Daily Chart MASK/BTC
The MASK/BTC recorded a steeper drop in value than the MASK/USDT pair. Where the MASK/USDT pair is taking a reversal from the 200 EMA on the daily time frame, the MASK/BTC pair is already seeing a rejection, after making a retest twice, making a double top pattern. The MASK/BTC token declined by 31% after taking a downturn from the 200 EMA.
The RSI and stochastic oscillators have reached the demand zone. The oscillators suggest that MASK could attempt another retest before declining further
Conclusion
According to the analysis, Mask price may continue to see a bearish decline unless it gains buyers’s support to break out. There is a surge in selling pressure which may rise significantly if MASK fails to make a recovery by breaking out of its current resistance
Technical Levels:
Support -$3.000
Resistance – $4.000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
