$MASK /USDT TECHNICAL ANALYSIS: BEARISH PRESSURE CONTINUES AMID CONSOLIDATION NEAR $1.62
$MASK /USDT pair is trading at $1.62, showing a slight intraday gain of +0.31%, but the broader trend remains weak. The pair has faced significant declines recently, with a -43.81% drop over the last 7 days and a -46.45% decline over the past year, reflecting sustained bearish momentum.
📊 Key Price Levels:
24H High: $1.725
24H Low: $1.534
Current Range (1H Chart): Consolidating between $1.58 and $1.72
Volume: 17.77M MASK (~$29.07M USDT), indicating moderate trading activity.
🔍 Technical Insights:
Resistance: Strong resistance at $1.72 - $1.74, which the price has struggled to breach.
Support: Immediate support lies at $1.58, followed by a more critical level near $1.54.
Trend: The price action on the 1-hour chart shows sideways movement but within a bearish context confirmed by negative performance across longer periods.
🔮 Market Outlook:
Bullish Scenario: Breaking and holding above $1.74 could trigger a short-term rebound targeting $1.85 or higher.
Bearish Scenario: If support at $1.58 breaks decisively, expect further downside pressure, possibly revisiting lows around $1.53 or below.
✅ Summary:
MASK remains under selling pressure amid weak market sentiment, with consolidation suggesting indecision. Traders should monitor critical levels at $1.58 and $1.74 to gauge the next directional move.
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