MASK token dipped 65% in 12 days and is currently trading at a significant bullish line order block of between 1.20 and 1.30.
The technical indicators also show very crucial support at 1.27, with the price near the 0.786 Fibonacci retracement.
Traders are bearing a wary eye on a reversal, and there should be clearance over resistance at 138 to validate any bullish recover
The MASK native token of the Mask Network has seen a greater than 65% decline in value in only 12 days, which has sent traders and investors into high alert concerning possible short-term trends for the token.
The sharp drop followed a short-lived surge to the $3.50 mark before major selling pushed the token down steeply in a sharp correction. Market watchers are now carefully keeping an eye on the $1.27–$1.30 support level for possible stabilization or additional losses.
Bearish Momentum Sends MASK to Key Support
At the time of reporting, MASK was trading at approximately $1.29, down 5.5% in the past 24 hours. The price is hovering slightly above a significant support area marked as a “bullish order block” on the technical chart. This zone, ranging from $1.20 to $1.30, has been identified as a potential accumulation range by market participants who are cautiously optimistic about a price recovery.
The sell-off began shortly after the token filled a fair value gap (FVG) near $3.50. This area had previously acted as a resistance level and coincided with a historical bearish order block. Once price reached that level, aggressive short positions were opened, leading to a strong rejection and a rapid drop toward current levels.
Source:(X)
Price Correction Aligns with Historical Patterns
The recent price correction appears to mirror prior behavior in MASK whereby sharp moves have been preceded by pullbacks lower into more significant FVG zones. Technicals indicate that the token is undergoing testing of the 0.786 Fibonacci retracement level to $1.22, which could be a decentralization point to either a rebound upwards or a correction downwards.
Some traders have already been establishing at these levels longer-term positioning, others are waiting to see confirmation that the trend reversal has been established.
Outlook Remains Uncertain as Volatility Persists
While MASK is approaching a historically reactive price zone, the broader market sentiment remains mixed. Any rebound from this region would require stronger volume and confirmation beyond the $1.38 resistance level.
Until then, the token may continue consolidating within the current range. The coming sessions could prove pivotal in determining whether this correction marks a bottom or if further downside is ahead.
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