MASK/USDT Short-Term Technical Analysis

General Technical Situation

The 4-hour chart of Mask Network (MASK) coin shows short-term price movements.

The MASK coin exhibited a volatile trend during March. In the early days of the month, it experienced a speculative rise followed by a sharp decline, entering a downward price trend. Particularly from mid-March, horizontal consolidation around $2.20 (fluctuation within a narrow range) was observed. With the sales at the end of the month, the downward momentum accelerated, and by April 1st, the price dropped to $2.05. However, after this low point, a strong rebound occurred, bringing the price back near the $2.30 range. Overall, a recovery is observed on the 4-hour chart after the decline, but a permanent upward trend has not yet begun.

Support and Resistance Areas

In the short term, the prominent support and resistance levels for MASK are as follows: The strongest support area below the current price is around $2.05, which is the point where the last decline bottomed out. Below this level, the psychological $2.00 threshold and the previously significant bottom area of $1.80 can be monitored as the next supports. On the upside, the first significant resistance point is at the $2.30 level (the peak point of the last rebound). If there is movement above this level, around $2.50 could come into play as a minor resistance; further up, the $3.00 area will constitute the next major resistance and target level. These support and resistance areas indicate critical points where the price may fluctuate in the near term.