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- 1 Mask Network price prediction showcases the upside trend of MASK crypto over the daily chart.
- 2 MASK crypto recovered from 20 and 50-EMAs to surge towards the 100 and 200-days daily moving average.
- 3 Mask Network cryptocurrency has gained 31.25% year to date.
Mask Network price prediction highlights the surge of MASK crypto and may recover to its maximum in 2023. However, MASK has been consolidating since August 18, and today it gained around 4.96% to break out of the consolidation phase. The huge volume change can be seen, which signifies the accumulation rate of buyers at the opening of today’s trading session. MASK crypto needs to maintain the current recovery phase in order to surge maximum.
Mask Network price was at $2.75 and gained 4.96% of its market capitalization during the day trading session. Trading volume has spiked significantly, around 196.01%, during the intraday trading session. This demonstrates that the accumulation rate of buyers is very high and is trying to push MASK upwards. The volume to market cap ratio was 56.26%.
Analyzing Mask Network Price Technical Indications
Mask Network price prediction showcases the upside trend of MASK crypto over the daily time frame chart. Meanwhile, volume change can be seen above average, showcasing the higher accumulation rate of buyers. Looking ahead, it will be crucial for MASK crypto to maintain its current recovery phase to capitalize on this positive momentum.
If it can sustain this upward trajectory, it may have the potential to reach its maximum potential in 2023. However, the cryptocurrency market is known for its volatility, and prices can change rapidly. Therefore, investors should keep a close eye on market developments, conduct thorough research, and consider their risk tolerance before making any investment decisions related to MASK or any other cryptocurrency.
Over the course of the past week, MASK Network’s price has experienced a notable increase of 9.64%. Looking at a slightly longer timeframe, it has seen a modest gain of 0.37% over the past month. However, the cryptocurrency has faced significant challenges over the last three and six months, with declines of approximately 27.59% and 53.33%, respectively. Despite these setbacks, it’s worth noting that Mask Network crypto has managed to achieve a positive return of 31.25% year-to-date.
Based on technical analysis, the price of Mask Network is currently showing signs of upward momentum. Key indicators, such as the Relative Strength Index and the moving average convergence divergence, both indicate a positive trend for MASK crypto.
The RSI stands at 54 and is approaching the overbought region, suggesting increased buying pressure. Additionally, the MACD line is heading towards the zero line, signaling a potential shift into positive territory, and it has recently crossed above the signal line, which is seen as a bullish sign. Investors who are interested in Mask Network cryptocurrency should closely monitor these technical indicators on the daily chart for any potential changes in direction.
Summary
Mask Network price prediction highlights the surge of MASK crypto and may recover to its maximum in 2023. Meanwhile, volume change can be seen above average, showcasing the higher accumulation rate of buyers. Despite the setbacks, it’s worth noting that Mask Network crypto has managed to achieve a positive return of 31.25% year-to-date. Based on technical analysis, the price of Mask Network is currently showing signs of upward momentum.
Technical Levels
Support Levels: $2.60 and $2.50
Resistance Levels: $3.00 and $3.25
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.