Market Overview for Mask Network/Tether (MASKUSDT) on 2025-10-04

• Mask Network/Tether declined 2.08% over 24 hours, closing at 1.280 after testing key support levels.
• Volatility surged with a 1.303 high and 1.267 low amid heavy volume spikes around 17:15 ET.
• RSI fell below 30 into oversold territory, suggesting short-term exhaustion but no clear reversal signal.
• Bollinger Band contraction was evident before a sharp break lower, indicating potential range expansion.
• A bearish engulfing pattern formed near 1.290, confirming bearish momentum into the overnight session.

24-Hour Performance Summary

Mask Network/Tether (MASKUSDT) opened at 1.284 on 2025-10-03 at 12:00 ET, reached a high of 1.303, a low of 1.267, and closed at 1.280 by 12:00 ET on 2025-10-04. Total volume for the 24-hour period was 166,262.7, with a notional turnover of $215,434.9 (calculated as volume × price average). The asset appears to be consolidating within a bearish bias.

Structure & Formations

Over the 24-hour period, the price of MASKUSDT displayed a clear bearish bias after forming a bearish engulfing pattern near the 1.290 level. A strong rejection at this level occurred around 17:15 ET, followed by a sharp drop to 1.267. A doji formed at 01:15 ET on 2025-10-04, indicating indecision after the sharp decline. Key support levels observed are 1.275–1.280 and 1.267, while resistance remains at 1.290 and 1.296.

Moving Averages and MACD/RSI

The 15-minute chart shows the price closing below both the 20 and 50-period moving averages, reinforcing bearish momentum. On the daily chart, the 50- and 200-period moving averages have diverged significantly, suggesting a strong downtrend. MACD turned bearish with a negative crossover around 19:00 ET, while RSI has fallen below 30, indicating oversold conditions. However, RSI has not yet shown a definitive reversal pattern, suggesting exhaustion may precede a bounce before a further decline.

Bollinger Bands and Volume

Volatility expanded after a contraction period around 22:45 ET on 2025-10-03, with the price breaking below the lower Bollinger Band to reach 1.267. This suggests a potential continuation of the bearish trend. Volume spiked during the 17:15 ET candle, confirming the sharp decline. Turnover and volume were closely aligned, indicating no divergence between price and flow. However, volume dipped significantly after the 01:15 ET doji, which may signal a pause in the move.

Fibonacci Retracements and Price Context

Applying Fibonacci retracement levels to the 1.267–1.303 swing, the price currently resides near the 61.8% level at 1.280, which could act as a temporary support. If the price breaks below 1.275, it may test the 78.6% retracement at 1.266. On the daily chart, a key Fibonacci level is 1.270, with a larger move potentially targeting 1.247 if the trend continues.

Forward-Looking View and Risk

In the short term, Mask Network/Tether may consolidate near 1.280, with the 1.275–1.270 range acting as a near-term floor. A break below that could signal deeper bearish momentum. Investors should watch for a rejection at 1.270 for potential short-term bounces or a resumption of bearish bias. High volatility remains a risk, especially given the recent divergence between price and volume.

Backtest Hypothesis

Given the observed bearish engulfing pattern near 1.290 and the confirmation from the 15-minute MACD crossover, a potential backtest strategy could involve a short entry upon close below the 1.284 level, with a stop-loss placed above the 1.290 resistance and a take-profit at 1.267. The 20-period moving average could act as a trailing stop. This setup would aim to capture a continuation of the bearish move while avoiding false breakouts by using volume confirmation. Initial results suggest this strategy could yield a positive risk-reward ratio in the current market environment.