Technical analysis for MASK coin on Binance (August 19 - 25, 2025)
Current price:
• MASK/USDT: $1.22 (as confirmed).
• Note: Prices in the cryptocurrency market are volatile, so it is always advisable to check the price in real-time on Binance or tools like TradingView or CoinMarketCap.
Technical Analysis:
Based on the current price ($1.22) and available data from sources like Binance and TradingView, here is a detailed technical analysis using the daily and weekly timeframe:
1 Overall Trend:
◦ The current price ($1.22) indicates that the currency is in a bearish correction phase compared to previous levels (like $3.155 in June 2025). This reflects a lack of short-term bullish momentum.
◦ On the daily timeframe: The price is trading near key support levels, which could indicate a potential rebound opportunity if confirmation signals appear.
◦ On the weekly timeframe: There is a long-term bearish trend, with the possibility of a new bottom forming if selling pressure continues.
2 Support and Resistance Levels:
◦ Main support: $1.20 (a level close to the current price and may act as a psychological bottom).
◦ Secondary support: $1.00 - $1.10 (a potential historic support level based on previous data).
◦ Main resistance: $1.34 (a short-term resistance level, according to CoinMarketCap data indicating a price of $1.34 a week ago).
◦ Secondary resistance: $1.50 (a potential target if the price breaks the first resistance).
3 Relative Strength Index (RSI):
◦ On the daily timeframe: RSI is likely to be around 40-50, reflecting a neutral to slightly bearish state. If the RSI approaches the oversold area (below 30), it may signal a buying opportunity.
◦ On the weekly timeframe: RSI may be below 50, reflecting a lack of long-term bullish momentum.
4 Moving Averages:
◦ The 50-day Simple Moving Average (SMA) is likely around $1.30 - $1.40 (based on CoinMarketCap data indicating a price of $1.29 24 hours ago).
◦ The 200-day moving average may be higher (around $1.50 - $1.60 based on historical prices).
◦ The current price ($1.22) is below the 50-day moving average, indicating a short-term bearish trend. A breakout above the 50-day moving average ($1.30 - $1.40) could be a bullish signal.
5 Candlestick Patterns:
◦ At the current price level ($1.22), candles like Doji or Hammer may appear on the daily timeframe, indicating possible hesitation or reversal if seen near support ($1.20).
◦ A strong bullish candle (like Bullish Engulfing) should be monitored to confirm a rebound or a bearish candle (like Bearish Engulfing) if the decline continues.
6 Volume:
◦ Trading volume may be relatively low at these price levels, reflecting a lack of momentum. An increase in volume during a breakout (at $1.34) or breakdown (at $1.20) will be a strong indicator of the upcoming trend.
◦ According to CoinMarketCap data, the daily trading volume was around $20.86 million earlier, indicating moderate activity.
Market forecast for this week (August 19 - 25, 2025):
• Bullish Scenario:
◦ If the price breaks the resistance at $1.34 with an increase in trading volume and a strong bullish candle (like Bullish Engulfing), the price could target $1.50 or higher.
◦ Confirmation indicators: RSI above 50, bullish crossover of moving averages (Golden Cross), and an increase in trading volume.
• Bearish Scenario:
◦ If the price fails to maintain support at $1.20 and breaks this level with high trading volume, it may retreat to $1.00 - $1.10.
◦ Confirmation indicators: RSI falling below 30, bearish crossover of moving averages (Death Cross), and an increase in trading volume during the decline.
• Neutral Scenario:
◦ The price is likely to continue trading within the current range ($1.20 - $1.34) unless strong breakout or breakdown signals appear.
◦ This scenario is likely in the context of declining trading volume and the absence of significant news affecting MASK.
Trading recommendations:
1 Buy Strategy:
◦ Entry point: Wait for a breakout of resistance at $1.34 with confirmation from high trading volume and a strong bullish candle (like Bullish Engulfing).
◦ First target: $1.50.
◦ Second target: $1.70 (if the bullish momentum continues).
◦ Stop Loss: Set the stop loss below support at $1.20 (around $1.15 to avoid random fluctuations).
2 Sell Strategy:
◦ Entry point: If the price breaks support at $1.20 with high trading volume and a strong bearish candle (like Bearish Engulfing).
◦ Target: $1.00 - $1.10.
◦ Stop Loss: Set the stop loss above the resistance at $1.34 (around $1.40).
3 Wait Strategy:
◦ If you are unsure about the direction, wait for clear confirmation (breakout of resistance or breakdown of support) with increased trading volume.
◦ Monitor market news related to Mask Network (such as project updates or Binance announcements) that may affect the price.
Additional notes:
• Risk management: Do not invest more than you can afford to lose, and always use a stop loss to minimize risks. It is advisable to allocate a small percentage of capital (like 1-2%) for each trade.
• External factors: Monitor the overall market performance (such as Bitcoin and Ethereum), as altcoins like MASK are influenced by the broader market movements.
• Project updates: Mask Network is a platform focused on privacy and Web3, so any announcements about partnerships or technical developments may impact the price.
If you need a more detailed analysis (like a shorter timeframe or additional indicators), or if the price changes again, please share the details, and I will provide an immediate update. Thank you for your patience!
