Recently, the market fluctuation of MASK has indeed quickened my heartbeat, but I actually enjoy the trading opportunities brought about by this volatile market. When the market fell recently, I chose to appropriately increase my holdings because the current price has already retreated to the value range I had previously assessed.
From a technical analysis perspective, the current price has reached a key support level from earlier periods. Although the MACD indicator remains negative, the histogram is gradually shortening, indicating that buying pressure is accumulating quietly. The RSI indicator has not fully entered the oversold zone, but it is at a relatively low level. Coupled with the decrease in trading volume, the possibility of a rebound in the short term is increasing.
In terms of market news, despite the episode of large holders selling off, it is worth noting that DWF Labs invested $5 million in April, indicating that professional investment institutions still recognize its long-term development potential.
The collaboration between Mask Network and Network3 is driving its development in the Web3 ecosystem, and these technological integrations will gradually reflect in the value of the tokens. Personally, I am particularly focused on the project's special position in the field of privacy protection, as the demand in this area will become increasingly strong with the development of Web3.0.
Of course, the cryptocurrency market is full of variables. Next, I will focus on two key signals: first, whether the support level of $1.57 can hold, and secondly, whether it can effectively break through the resistance level of $1.76. If it can firmly stay above $1.76, it is likely to challenge the $2 mark. My investment strategy is relatively simple: if it falls below $1.57, I will execute a stop-loss; if it breaks through $1.76, I will consider increasing my position; at other times, I will go with the flow. After all, in this market, maintaining a calm mindset is essential to seize genuine investment opportunities.
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Recently, the market fluctuation of MASK has indeed quickened my heartbeat, but I actually enjoy the trading opportunities brought about by this volatile market. When the market fell recently, I chose to appropriately increase my holdings because the current price has already retreated to the value range I had previously assessed.
From a technical analysis perspective, the current price has reached a key support level from earlier periods. Although the MACD indicator remains negative, the histogram is gradually shortening, indicating that buying pressure is accumulating quietly. The RSI indicator has not fully entered the oversold zone, but it is at a relatively low level. Coupled with the decrease in trading volume, the possibility of a rebound in the short term is increasing.
In terms of market news, despite the episode of large holders selling off, it is worth noting that DWF Labs invested $5 million in April, indicating that professional investment institutions still recognize its long-term development potential.
The collaboration between Mask Network and Network3 is driving its development in the Web3 ecosystem, and these technological integrations will gradually reflect in the value of the tokens. Personally, I am particularly focused on the project's special position in the field of privacy protection, as the demand in this area will become increasingly strong with the development of Web3.0.
Of course, the cryptocurrency market is full of variables. Next, I will focus on two key signals: first, whether the support level of $1.57 can hold, and secondly, whether it can effectively break through the resistance level of $1.76. If it can firmly stay above $1.76, it is likely to challenge the $2 mark. My investment strategy is relatively simple: if it falls below $1.57, I will execute a stop-loss; if it breaks through $1.76, I will consider increasing my position; at other times, I will go with the flow. After all, in this market, maintaining a calm mindset is essential to seize genuine investment opportunities.