📈 #MASKUSDT 4H Chart Analysis 📉
The $MASK /USDT pair on Binance shows a sharp decline recently, dropping from a high of $1.835 to the current price of $1.624 (-11.06% in 24h). Here's a quick breakdown:
Price Action: After a steady uptrend, a significant sell-off occurred, marked by a long red candle, indicating strong bearish pressure. The price has since stabilized around $1.62.
Volume: A spike in volume accompanied the drop, suggesting heavy selling activity. The volume SMA (17) reflects a sustained interest, but the recent surge hints at a potential exhaustion point.
Support/Resistance: The $1.618 level acted as a support after the fall. If it holds, we might see a consolidation; a break below could target $1.5. Resistance lies near $1.835.
Watch for a rebound or further downside confirmation.