Market Overview: Mask Network/Tether (MASKUSDT) - 24-Hour Analysis

• Price opened at 1.299 and closed near 1.285, with a 24-hour high of 1.306 and low of 1.234.
• Strong bearish momentum emerged in late hours, with volume surging near the close.
• A key support level formed around 1.275–1.280, showing some resilience.
• RSI dipped below 30, indicating potential oversold conditions, but no strong bounce followed.
• Bollinger Band contraction occurred near 1.296–1.301 before a sharp downward breakout.

Mask Network/Tether (MASKUSDT) opened at 1.299 on October 6, 2025, at 12:00 ET, reached a high of 1.306, and closed at 1.285 at 12:00 ET on October 7. Total traded volume over the 24-hour period was approximately 473,852.8, and notional turnover was 607,049.2. The asset displayed a clear bearish bias in the latter half of the day, with a sharp decline from 1.306 to 1.234.

Over the course of the 24-hour period, price action showed a breakdown from key psychological levels above 1.300, with several bearish patterns emerging, including a hanging man and a dark cloud cover at 1.306–1.301. These formations signal potential bearish continuation. Additionally, price found a short-term support zone between 1.275 and 1.280, which held on multiple attempts, suggesting a possible consolidation or bounce could occur if buyers re-enter. The 20-period and 50-period moving averages on the 15-minute chart trended downward throughout the session, reinforcing the bearish tilt.

The MACD indicator turned negative and showed a bearish crossover as price declined, with a divergent RSI reading that dipped into oversold territory below 30. This, however, did not trigger a meaningful bounce, indicating a lack of buyer interest. Volatility, as measured by Bollinger Bands, saw a brief contraction near 1.296–1.301 before a sharp expansion to the downside, suggesting increased uncertainty and aggressive shorting. Volume surged significantly near the 1.240–1.250 range, confirming the bearish breakdown and indicating strong conviction in the downward move.

Fibonacci retracement levels on the key 15-minute swing from 1.306 to 1.234 indicated strong bearish support at 1.278 (61.8%) and 1.290 (38.2%), both of which were tested but failed to hold. On the daily chart, the 50-period moving average sits above the 100-period and 200-period lines, indicating intermediate-term bearish momentum. A test of the 1.250 level appears to be the next immediate key support to watch, with a potential for further bearish continuation if that level breaks.

Backtest Hypothesis: The observed bearish divergence in RSI and the strong volume confirmation at lower levels suggest a potential strategy of shorting on a break below key Fibonacci and moving average levels. A hypothetical backtest could involve entering a short position on a confirmed close below 1.280, with a stop-loss placed above the 1.301 level and a target aligned with 1.250 and beyond. This setup aligns with the observed momentum and volume dynamics, making it a viable short-term bearish play.