Technical Analysis of $MASK
/USDT:๐ฏ๐๐ฅ
Current Price: $2.989 (up 0.50% in the last 24 hours)
Key Indicators:
24h High: $3.121
24h Low: $2.921
24h Volume: 1.74M MASK / 5.25M USDT
Depth Chart Analysis: Indicates stable support at around $2.921 and resistance near $3.121, with the price consolidating between these levels.
Technical Indicators:
Moving Average (MA): Price is holding steady above short-term MA, suggesting some bullish momentum.
Exponential Moving Average (EMA): The short-term EMA is also pointing upwards, confirming a possible short-term trend reversal.
Bollinger Bands (BOLL): Price is moving near the lower band, suggesting possible reversal if it breaks above the middle line.
Parabolic SAR (SAR): The SAR points upwards, supporting the short-term bullish outlook.
Trade Signal: BUY
Given the current indicators and market trend, a buy signal is suggested as the market is slightly bullish with momentum on the rise.
Target Levels ๐ฏ:
1. Target 1: $3.10 (next resistance level based on recent highs)
2. Target 2: $3.20 (potential breakout level)
3. Target 3: $3.30 (long-term resistance)
Trade Momentum: Bullish
Momentum indicators show a positive shift in price action, though a breakout past $3.12 would confirm continued upward momentum. Watch for volume spikes to confirm strength in the move.
Consider setting a stop-loss around $2.90 to manage risk.
Note: Always conduct personal due diligence and assess market conditions, as cryptocurrency markets can be volatile.