The Grim Reaper's Scythe of K-line is swung down! #Mask coin MACD, KDJ double kill, rebound? First, ask the whale if they agree!
The four-hour K-line chart of MASK coin shows that the current price is below MA7 and MA30, the MACD histogram remains negative, and DIF is below DEA, indicating strong bearish pressure.
The KDJ indicator shows oversold conditions, but the overall trend remains weak. Combined with the latest news, the collaboration between DWFLabs and MaskNetwork once caused MASK to rise nearly 10% in a short time, but a certain whale sold over 750,000 MASK, causing the coin price to drop 17% temporarily.
Both technical and fundamental analyses show that bears dominate. Today, MASK coin is likely to continue to decline. If it falls below the support level of 1.8277, it may further test lower levels. A rebound needs to focus on the breakthrough of the resistance level at 3.7133, but this is quite challenging in the short term, and investors need to respond cautiously.
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