- MASK/USD price is on the rise as market sentiment turns bullish.
- MASK has gained an increase of 44% over the past 24 hours.
- Resistance for MASK is present at $6.40
Lookonchain data shows a market maker receiving 3.5M $MASK from address “0x5459” 19 hrs ago and multiple related addresses withdrawing $MASK from exchanges one after another. Subsequently, the price of $MASK rose from $4.61 to as high as $6.40 today, an increase of 44%.
According to Lookonchain, whale withdrew ～3.6M $MASK ($14.8M) from major exchanges, including Binance, OKX, KuCoin, and Huobi, through multiple addresses at the same time. This address is likely driving up the price of $MASK.
MASK/USD Price Analysis
MASK opened its trading session at $4.61 and reached an intraday high of $6.40 as the whale drove the price up. Currently, it is trading at around $6.29, with a 44% increase in value over the past 24 hours.
The market capitalization and 24-hour trading volume increased by 37.80% and 163.42%, respectively, to $480,514,834 and $479,887,744. According to these figures, the asset’s market value and trade volume have skyrocketed. This surge is attributable to whale activity.
The daily technical indicators for MASK are currently bullish. The green MACD bars in the histogram indicate that MASK is in an uptrend, and the signal line is below the MACD line, indicating that bullish momentum is increasing.
The RSI indicator has also broken through the overbought zone of 70, indicating that traders are in favor of buying this asset. The Bollinger bands are expanding, indicating high volatility in the market. The upper Bollinger band is now at $5.27, and the lower band is at 2.14.
In conclusion, MASK price analysis reveals that the asset is rising due to whale activity. The overall market sentiment, combined with activity from the whale, has driven up the price of $MASK by 44%. This bullish momentum could potentially lead to higher highs. However, traders should keep an eye on the technical indicators to stay ahead of the curve.
Disclaimer: Cryptocurrency price analysis is highly speculative and volatile and should not be considered financial advice. Past and current performance is not indicative of future results. Always do your research and consult with a financial advisor before making investment decisions.