$MASK Price Analysis – 1-Hour Timeframe

Current Price: $3.18 (-2.80%)

Mask Network (MASK) has seen a decline of 2.80% over the past hour, reaching a price of $3.18. The chart shows a significant downtrend, with MASK dropping from an earlier high of $3.28. The price movement reflects a bearish sentiment in the short term, as buyers struggle to sustain upward momentum.

Key Technical Indicators:

1. Trend: The chart highlights a clear downward trajectory, with MASK setting lower highs and lower lows. This trend suggests that sellers are dominating the market in the short term.

2. Support & Resistance Levels:

• Immediate Resistance: The recent high at $3.28 acts as resistance. A move above this level would be required to reverse the bearish trend.

• Immediate Support: The recent low at $3.16 serves as support. If MASK drops below this level, it may signal further declines.

3. Momentum: The steady decline in price with minimal bounce-back attempts shows strong bearish momentum, indicating that sellers remain in control for now.

Technical Outlook

If MASK can hold above the $3.16 support level, it might find some stability and potentially attempt a recovery. However, a break below this support could lead to further declines. Conversely, a rally above the $3.28 resistance could signal a potential reversal, providing room for recovery.

Mask Network is currently in a short-term downtrend, with strong selling pressure. Traders should watch the support at $3.16 and resistance at $3.28, as a break in either direction will likely determine the next move for MASK.#BinanceBlockchainWeek #BTCBreak71K #BTCETFDemandSurge #CryptoPreUSElection