$MASK $BTC MASK/USDT showing extreme volatility - here's the situation...
This infrastructure token has seen wild price action recently, dropping nearly 36% in the past 24 hours. The charts show:
- Price collapsed from 3.73 to 1.735 (over 50% drop)
- Currently hovering around 1.87 support
- RSI at oversold levels (27-32 range)
- Volume spiked during the drop
The patterns suggest either:
1) Potential bounce coming (oversold RSI)
2) More downside if 1.735 breaks
Key levels to watch:
- Resistance at 2.12 (middle bollinger)
- Next support at 1.24 if breakdown continues
For traders:
- Aggressive buyers might test longs here with tight stops
- Safer approach would wait for confirmation of reversal
- Shorts risky at these levels unless 1.735 breaks
Remember:
- Such extreme moves often see violent bounces
- Position size carefully