📉 1. Massive Intraday Crash
24h High: $3.73
24h Low: $1.735
Current Price: $1.832 (▼ -38.38%)
Volume: $96.75M (MASK) / $226.58M (USDT)
$MASK crashed over 50% from its peak of $3.73 to a low of $1.73 — one of the steepest drops seen recently.
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⚙️ 2. Technical Breakdown
EMA Death Cross: EMA(7) = $2.023 < EMA(25) = $2.024 < EMA(99) = $2.489 — a clear trend reversal signal.
Bearish Candle Structure: Massive red candles broke through all key EMAs.
Volume Spike: Over 1.45M volume at crash onset shows intense selling.
MACD: Bearish momentum confirmed with MACD crossing below signal.
RSI: Dropped sharply from overbought (near 80) to oversold territory below 30, now rebounding toward 57 — potential relief bounce forming.
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📌 3. Why the Crash Happened
1. Whale Dump
A whale moved $6.1M worth of MASK to Binance, booking $2M in profits — triggering a massive sell-off.
2. Profit-Taking After Pump
MASK had surged ~80% earlier in the week, making it ripe for aggressive profit-taking.
3. Rejection at Key Resistance
Price failed to break above $3.73 — a critical resistance level — leading to reversal.
4. Liquidation Cascade
Leveraged long positions got wiped out below $2.50, accelerating the crash.
5. Wider Market Weakness
General crypto sentiment turned bearish, with money rotating out of high-flying altcoins.
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🔍 4. Critical Price Levels
$3.73 — Recent top, major rejection
$2.00–$2.30 — Now a resistance zone
$1.73 — Local bottom
$1.30 — Key next support level
$1.10 — Potential drop target if $1.30 fails
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💡 5. Outlook
MASK may attempt a bounce toward $2.00–$2.30 short-term.
If $1.73 fails to hold, further downside to $1.30 or even $1.10 is likely.
If it consolidates above $1.73, a range-bound phase may follow.
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🔔 Conclusion: MASK’s crash was driven by a combination of whale profit-taking, liquidation cascades, and a rejection at major resistance. Technical indicators suggest it could bounce, but risks remain high until key levels are reclaimed.
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