While most altcoins have weakened since yesterday, Mask remains strong and has continued to show strength following a massive surge in the past few days.
Bouncing off a low of $1.54 three months ago, Mask climbed back slowly and reclaimed the $2 level. However, due to a lack of interest in the market, it consolidated and moved sideways as volatility shrinks daily.
This led to almost three months of liquidity gathering and the price exploded massively this week. The explosion, which brought the price out of the woods, launched the bulls back into the market. As seen on the daily chart, they are currently gaining control.
The latest sudden price movement reveals a huge volume inflow in the 72 hours, marking the biggest buying volume in over seven months. This surge has shifted the trend from a short-term perspective.
Tapping a four-month high today, it has retraced a bit in the past hours due to a rejection. A continuous surge in volatility should send the asset to a new multi-month high. Still, it must increase above the $6.5 level before we can confirm a long-term move.
With the latest surge in volatility, we can expect a pullback anytime soon. Though there are no signs of drops at the moment. A pullback from the current trading level could drop the price into the $2.5 range before resurging. As of now, Mask remains bullish.
MASK’s Key Levels To Watch
The $3.78 level is currently posing a threat at the bulls. If they push higher, the next resistance to consider for rallies would be $4.59 with the $5.4 level.
For a pullback, the closest support level to keep in mind is $2.9. Below it lies the $2.55 support. The lower support level for drops is $2.2.
Key Resistance Levels: $3.78, $4.56, $5.4
Key Support Levels: $2.9, $2.55, $2.2
- Spot Price: $3.32
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/mask-price-analysis-prediction-october-31-mask-sees-another-14-daily-surge-as-it-taps-a-four-month-high/