The recent price action of MASK/USDT has caught the attention of many traders. With a sharp rise from the lows around $0.92 in April to the current $2.17 range, the chart now resembles a potential cup and handle formation — a classic bullish pattern often followed by a breakout.
$MASK
Technical Overview:
On the daily chart, MASK formed a rounded bottom followed by a strong upward move, approaching key resistance at $2.20, which marks the rim of the cup.
The 1-hour chart shows strong upward momentum, but volume is peaking and the price is stalling just below the resistance zone, suggesting a possible handle phase may follow.
What’s Likely Next:
If a handle forms (consolidation between $2.05–$2.15) and buyers return, a breakout above $2.22 could follow, with targets at $2.50–$2.70.
However, failure to hold above $2.15 and declining volume may lead to a short-term pullback toward support levels at $2.00 and $1.90, aligned with moving averages on both 1H and 1D timeframes.
Trading Scenarios:
Bullish breakout: Entry above $2.22, targets at $2.50 / $2.70
Short setup: Rejection at $2.20 and bearish divergence may justify a short position toward $2.00 / $1.90
This is not financial advice. Always conduct your own research and manage risk appropriately.
