📈 Analysis and forecast for $MASK on Binance: further prospects? 📉
As of June 8, 2025, 15:10 EEST, the rate of $MASK on Binance is $1.808, with a decline of 1.47% over the last 24 hours. The trading volume for the day is around $75.6M, and the market capitalization is $180.8M (with a circulating supply of 100M tokens). The decrease is attributed to a correction after a recent rise and overall market instability.
Technically, $MASK shows bearish momentum. On the 4-hour chart, the 50-day SMA crossed below the 200-day SMA, indicating a short-term downward trend. The RSI (14) is around 45, signaling a neutral zone with signs of being oversold, while the MACD shows a bearish crossover. Key resistance is at $1.90; a breakout above may bring the price back to $2.00. Support is at $1.70, below which pressure will increase to $1.60.
Forecast: By the end of June, MASK may consolidate in the range of $1.70–$1.90 with low volumes. A bounce to $2.00 is possible by July 2025 if the market stabilizes. By the end of the year, the target is $2.50–$3.00, assuming increased interest in Web3 and social activity. The long-term potential for 2026 is $5+, if the Mask Network ecosystem strengthens its position. Fundamentally, $MASK attracts attention due to the integration of Web2 and Web3, but the current volatility poses a risk.
Further prospects? The price of $1.808 is close to support at $1.70, and the RSI at 45 indicates a potential reversal. A drop of 1.47% over 24 hours creates a buying opportunity at $1.70–$1.75 with a stop-loss at $1.60. The target is $1.90–$2.00. Posts on X highlight a cautious sentiment but emphasize the growth potential above $2. Stay tuned for news! #MASK #Binance #CryptoAnalysis
