After a parabolic rally into early June, Mask Network price today is under heavy pressure following a sharp intraday rejection from the $3.70 region. The token has dropped over 30% from the recent high, erasing nearly all of June’s initial gains. Despite the volatility, the price is now testing a critical support level that could determine whether bulls still hold control in the medium term.
What’s Happening With Mask Network’s Price?
The weekly candle chart highlights a dramatic reversal after Mask Network price surged from the April lows near $0.92 to highs of $3.69. This move briefly tagged the 61.8% Fibonacci retracement near $3.28, but failed to hold above it. The price is now retreating toward the 0.236 Fib zone at $1.82, which currently acts as a key psychological support. Sustaining this level could stabilize sentiment after the panic sell-off.
On the daily timeframe, the price has decisively broken below the rising wedge support structure and is hovering just above $1.85. A close below $1.82 may open the door for a full retracement toward the $1.60–$1.28 demand…
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