Upward Price Trend of Mask Network (MASK)
Mask Network (MASK) has been capturing attention in the realms of cryptocurrency, marking its position on CoinMarketCap’s trending list. This comes following a notable surge in its price over the past 24 hours of trading. As per data from market tracking websites, MASK was trading at an impressive $3.78 after its price ascended by approximately 1.38% within the day.
Mask Against Benchmark Cryptocurrencies:
MASK not only gained against the US Dollar, but it also managed to surpass the likes of two market giants – Bitcoin (BTC) and Ethereum (ETH). Let’s break down its performance against these benchmark cryptocurrencies:
| Cryptocurrency | Performance |
|---|---|
| Bitcoin (BTC) | Up by 5.69% |
| Ethereum (ETH) | Up by 5.76% |
The Rise of MASK’s Trading Volume and Price:
The surge in the altcoin’s price additionally propelled its weekly performance into the green territory extending it to +10.04%. Moreover, MASK’s thirty-day performance also exhibited promising results extending to +12.68%.
Trading Volume: At press time, the 24-hour trading volume of MASK stood at a colossal $115,819,000, despite a decrease of 9.10%.
Price: During this time, MASK was trading near its 24-hour high of $3.86.
MASK’s Market Capitalization:
With a whopping market cap of roughly $310,007,005, MASK was classified as the 105th largest cryptocurrency as per market capitalization.
4-hour chart for MASK/USDT (Source: TradingView)
Detailed Price Analysis – Resistance and Support Levels:
MASK experienced a more than 7% move over the past 4-8 hours, breaking past the resistance levels of $3.690 and $3.755. This resulted in the overturning of these price points into support levels.
Scenarios:
- If MASK manages to break above the chief resistance at $3.830 and successfully closes a 4-hour candle above this marker, bullish momentum might drive MASK’s price to the subsequent resistance at $3.915 in following 24 hours.
- However, if MASK faces rejection at the $3.830 level, the price might drop to $3.755 in the following 4-8 hours. Continued sell pressure could even push MASK’s price to $3.690 in the following 24 hours.
Disclaimer:
The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must perform their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.