🚀 Analysis and forecast for $MASK : is it time to exit? 📈
As of May 20, 2025, 09:04 EEST, the price of $MASK on Binance is $1.80, with a 20% increase over the last 24 hours. The trading volume for the day reached $250M, and the market capitalization rose to $180M, reflecting high investor interest. Such a jump may be related to community activity and upcoming events, such as Web3 Social Day.
Technically, $MASK demonstrates strong bullish momentum. On the 4-hour chart, the price broke through resistance at $1.65 and established itself above the 50-day moving average ($1.55), which acts as support. The 200-day SMA ($1.45) confirms the long-term upward trend. However, the RSI (14) at 73 signals overbought conditions, increasing the risk of a correction. The nearest resistance is $1.90, and support is at $1.75. A breakout above $1.90 could lead to a rise to $2.10, but a drop below $1.75 would intensify pressure towards $1.60.
Forecast: in the short term (until the end of May), MASK may correct to $1.60–$1.75 due to overbought conditions but will retain growth potential to $2.50 by July 2025 with volume support. The long-term target for 2026 is $3.50 if the project continues to develop Web3 integrations. Market activity and positive posts on X also support optimism.
Is it time to exit? The current price of $1.80 looks overvalued after a 20% rise. It is recommended to secure some profits, especially if the target of $1.90 is close. Set a stop-loss at $1.75 to protect against a correction. For long-term investors, it is advisable to hold the position with a target at $2.10. Keep an eye on news and volumes! #Mask #Binance #CryptoAnalysis
