In this Mask Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for MASK-USDT. Mask Network (MASK) is a decentralized privacy-focused blockchain platform that enables users to browse the internet anonymously while also providing a secure and private network for dApps and other web3 applications. With MASK, users can access the internet without revealing their IP address or any other identifiable information, ensuring their online privacy and security. The platform utilizes a novel consensus algorithm called “Masternode” which allows for faster transaction processing times and increased security compared to traditional blockchain networks.
Mask Network Price Overview:
As of September 22, 2023, Mask Network is trading at approximately 2.729 USDT. Let’s dive into the detailed price action for MASK-USDT:
- Open (O): The opening price for today’s trading session was approximately 2.716 USDT.
- High (H): Mask Network reached a daily high of around 2.766 USDT.
- Low (L): The daily low for MASK-USDT was approximately 2.642 USDT.
- Close (C): At the time of analysis, Mask Network is trading near its daily close of 2.729 USDT.
|1D Change (%)||0.44%|
|3D Change (%)||3.37%|
|7D Change (%)||4.84%|
|30D Change (%)||-0.66%|
|90D Change (%)||-25.74%|
|YTD Change (%)||31.27%|
Over the past three days, MASKUSDT has increased by approximately 3.37%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 4.84%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MASKUSDT maintaining a downward trend of approximately -0.66%, despite intermittent fluctuations. Examining the last 90 days, MASKUSDT has witnessed substantial fall of approximately -25.74%, reflecting strong long-term confidence. Year-to-date, MASKUSDT has steadily appreciated by around 31.27%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Mask Network Live Chart:
You can access a live price chart for MASK-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.4326.
- Momentum score is -0.00655.
MASK USDT Technical Analysis
Mask Network Trading Volume:
The trading volume for Mask Network (MASK) over the past 24 hours has been significant, with approximately 2,344,753.20 USDT traded against MASK. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): MASK is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Mask Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for MASK-USDT is currently in the neutral zone, around 45.76902. This suggests that Mask Network is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Mask Network (MASK-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.