Market Overview for Mask Network/Tether USDt (MASKUSDT)

• Price action showed a bearish bias with a closing near 1.213 after a high of 1.229 and significant pullback.
• Momentum waned in late trading, with RSI nearing oversold levels and MACD signaling bearish divergence.
• Volatility expanded early, then compressed toward the close, while volume remained moderate, with no clear divergence.
• Bollinger Bands tightened near the session’s close, suggesting a possible consolidation phase.
• Key Fibonacci levels at 1.217 (61.8%) and 1.223 (38.2%) marked critical areas of price rejection and retests.

Mask Network/Tether USDt (MASKUSDT) opened at 1.218 on 2025-09-05 12:00 ET and closed at 1.213 by 12:00 ET on 2025-09-06. The pair reached a high of 1.229 and fell to a low of 1.211. Total volume for the 24-hour period was 448,862.6, and notional turnover was approximately $540,981.

Structure & Formations

The 15-minute chart showed a bearish bias with several key support and resistance levels. The 1.223–1.225 range acted as a key resistance cluster, where price repeatedly failed to break above. A bearish engulfing pattern formed during the 21:45–22:00 ET hour, confirming a shift in sentiment. Toward the close, price found support near 1.213, where it consolidated with a small bearish tail. A doji formed around the same time, signaling indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both moved lower, remaining above the current price, indicating bearish momentum. On a longer scale, the daily chart showed the 50-period, 100-period, and 200-period moving averages in a descending alignment, supporting a downtrend. Price remained below the 50-period MA on the 15-minute chart, reinforcing bearish sentiment.

MACD & RSI

MACD showed a bearish crossover earlier in the session, with the histogram shrinking toward the end of the 24-hour period, indicating slowing momentum. RSI dipped below 30 by the end of trading, signaling an oversold condition, though no immediate reversal was confirmed. The divergence between price and RSI suggested lingering bearish pressure.

Bollinger Bands

Bollinger Bands expanded early in the session due to a sharp move toward the high of 1.229 but gradually contracted as the pair consolidated near the lower band by the close. Price traded near the lower band in the last few hours, indicating a potential oversold setup.

Volume & Turnover

Volume remained moderate throughout the session, with no clear spikes. Turnover was slightly lower in the final hours, indicating reduced participation. However, the price action and volume were largely aligned, with no significant divergence. The highest volume spike occurred during the 21:30–21:45 ET period, which coincided with a failed attempt to break above 1.227.

Fibonacci Retracements

Fibonacci levels derived from the key swing high (1.229) and swing low (1.211) showed 1.223 (38.2%) and 1.217 (61.8%) as critical levels. Price repeatedly retested these levels without breaking through, suggesting strong psychological resistance and support.

Backtest Hypothesis

A potential backtesting strategy could focus on the 1.223–1.225 resistance area as a key entry trigger for short positions, particularly when paired with bearish candlestick patterns and a RSI reading above 50. Stop-loss could be placed above the 1.227–1.229 high, with a target near 1.217 and 1.213 for potential profit-taking. This approach would leverage key Fibonacci and technical indicators to improve the probability of success in a bearish scenario.