• Mask Network’s (MASK) price has risen by 30% in the past seven days, although it has dropped by 6% in the last 24 hours.
• MASK needs a cooling-off period and is likely to fall further in the coming days, with its key support level being $6.10.
• The coin continues to attract new users to its web browser extension due to Elon Musk’s Twitter takeover bid.
Mask Network Price Prediction
The price of Mask Network (MASK) has seen a strong jump of 30% over the past seven days, yet it has also dropped by 6% within the last 24 hours. This suggests that a correction is underway and that trading volume is down significantly from recent peaks. Although there are signs of an imminent fall, MASK still remains well-positioned for medium and long term growth due to its strong fundamentals and growing user adoption.
An analysis of MASK’s chart reveals that its 30-day moving average (red) line has risen dramatically beyond its 200-day average (blue), while its actual price line has gone significantly above both indicators. This indicates that an impending drop may be on the horizon, which today’s dip confirms—the coin’s relative strength index (purple) is also still quite elevated since passing 70 one week ago. Its key support level rests at $6.10, which marks where Tuesday’s rally began.
Fundamental Reasons Behind Growth
The main factor driving MASK’s growth is the increasing number of users attracted to its web browser extension—a privacy-focused tool which adds crypto-related functionality to traditional Web2 social networks and websites like Twitter and Facebook without needing APIs or middleware server interactions. With Elon Musk’s takeover of Twitter having been confirmed late last year, speculation about closer integration between Mask Network and Twitter only serves as further fuel for MASK’s continued growth trajectory.
Given Mask Network’s current technical indicators, it appears likely that we will see further declines in the short term before MASK resumes rising again—especially if it can maintain support at $6.10 over these next few days or weeks ahead. However, with increased user adoption continuing to drive up demand for MASK tokens plus ongoing hype surrounding potential integrations with Twitter, there are plenty of reasons why investors should remain bullish on this coin over both medium and long terms horizons alike as well as great opportunity here for those who choose enter into this market now rather than waiting until after any eventual dip plays out some time soon afterwards instead too then too as well so overall overall speaking then all in all here then this seems like definitely one worth adding onto your watchlist right away!
All things considered then, it would seem that investors have good reason to be positive about Mask Network’s future outlook despite today’s minor dip in prices—this project looks set for continued success despite any short term hiccups along the way as more users flock towards their platform every single day currently now too even amidst today’s current bearish market conditions too thus making this definitely one crypto asset worth keeping tabs on closely indeed!