$MASK Here’s the latest update on Mask Network (MASK) on Binance:
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📉 Recent Price Action
Current price: ~$1.81 (down ~2% in the last 24 hrs, ~–27% week‑to‑date) .
Volatility: After spiking to ~$3.70 in early June, MASK has pulled back over 30%, now testing key support around $1.80–$1.85 .
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⚠️ What's Driving the Drop?
1. Technical retracement
The sharp rise got capped near the 61.8% Fib level ($3.28), triggering a corrective breakdown toward the $1.82 0.236 Fib support .
2. Meme‑crypto sentiment shift
A public feud between Trump and Elon Musk dampened broader memecoin interest, hitting MASK particularly hard. Traders noted a ~40% crash coinciding with the peak of that fallout .
3. **"Buy the rumor, sell the news"**
Momentum peaked after news of Mask Network acquiring Orb and the SEC dropping Binance’s case. The result: a steep decline from ~$3.60 to ~$1.70 on heavy trading volume (~440% spike) .
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🔍 Key Levels & Outlook
Support: ~$1.80–$1.85—maintaining above here could help stabilize downside .
Resistance: Near the recent high of ~$3.70—unlikely unless broader bullish momentum returns.
Sentiment: Neutral-to-bearish indicators; technical outlook remains cautious .
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📆 Short-Term Forecast (per Binance analyst)
June 8–10: expected rise to $1.90–$1.94 (~5–8%) .
July 7: forecasted price between $2.09–$2.63. Longer term targets include $4–$5+ by 2026–2030 (based purely on technical models, not investment advice) .
