Mask Network Price Analysis: MASK Gearing Up for a Massive Rally?


  • Mask Network has a medium term resistance at $1.24.
  • Mask Network is presently valued at $3.65
  • The current trading volume of Mask Network is at $107,300,647.00.
  • The $0.90 support level for MASK/USD is really strong.

29 March 2024 : In this article we will walk you through Mask Network price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Mask Network, Is MASK a good investment? Mask Network support & resistance levels etc. But before diving deep into the MASK technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,643,817,554,821. The total trading volume stands at $91,676,083,825. Bitcoin shares 52.02 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $69,957.82 level after a decline of -0.63%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -0.98 percent reaching to $3,535.61 during the previous 24 hours.
While publishing this blog, BNB traded at $616.99, following a price change of 5.56% within the same time frame. SOL the native coin of Solana is up by 0.37 and currently trading at $185.09. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Mask Network Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Mask Network (MASK)

MASK Resistance Levels MASK Support Levels
Resistance Level 1 $1.16 Support Level 1 $0.99
Resistance Level 2 $1.24 Support Level 2 $0.90
Resistance Level 3 $1.33 Support Level 3 $0.82

Mask Network Performance

The current Mask Network price is $3.65, with a trading volume of $107,300,647.00 in the past 24-hours. Currently, MASK is up by 3.12% since yesterday with a market capitalization of $299,792,835.00 USD.

Mask Network Price Analysis

MASK price analysis for 29 March 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Mask Network.

Moving Averages Price Indicator
Simple Moving Average (10) 1.10 Buy
Exponential Moving Average (10) 1.10 Buy
Simple Moving Average (20) 1.13 Buy
Exponential Moving Average (20) 1.13 Buy
Simple Moving Average (50) 1.22 Buy
Exponential Moving Average (50) 1.22 Buy

While MASK’s Williams %R indicator is at -33.375 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. RSI implying near oversold phase while trading at 39 and is trying to break out of the bearish zone. The MASK/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market.

Conclusions

MASK price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for Mask Network to make a one directional move to make a good entry in the market.