Market Overview for Mask Network (MASKUSDT) as of 2025-08-26

• Mask Network tested key support at $1.195–1.196, bouncing with strong buying into the NY session.
• Momentum reversed sharply overnight, with a 15-minute bullish engulfing pattern at 01:15 ET signaling possible trend reversal.
• Volatility expanded significantly during the Asian session, with price dropping 6.3% into the 2025-08-25 20:15 ET candle.
• Notional turnover surged to $171,666 at the intra-day low, confirming fear-based selling and potential short-term capitulation.
• Price retested 50-period 15-min MA with bullish divergence in RSI, suggesting near-term oversold rebound potential.

Mask Network (MASKUSDT) opened at $1.23 on 2025-08-25 12:00 ET and traded as low as $1.169 before closing at $1.205 at 12:00 ET on 2025-08-26. The 24-hour period saw a total volume of ~582,202 and a notional turnover of $735,137, with significant volatility and momentum shifts.

Structure & Formations

Price broke below the 15-minute 20-period moving average during the Asian session before forming a bullish engulfing pattern on the 01:15 ET candle. This pattern, combined with a test of prior support at $1.195–1.196, suggests short-term buyers may have entered the market. A key resistance appears to form near the $1.216–1.218 range, where multiple failed breakouts occurred, hinting at a possible congestion zone. A bearish doji formed at 04:45 ET, indicating indecision after the rebound, though it was quickly absorbed by the upward trend.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA during the Asian session, forming a bearish signal that was later invalidated by a sharp rebound. The 50-period MA remains at ~$1.202, offering potential support if the current correction stalls. On the daily chart, price is above the 50-period MA (~$1.210) but below the 200-period MA (~$1.225), suggesting a mixed near-term outlook with potential for a retest of the 50-period MA as a pivot point.

MACD & RSI

The MACD turned positive after 01:15 ET, aligning with the bullish engulfing pattern and confirming a shift in momentum. RSI reached oversold levels (30) at 01:30 ET before recovering to mid-50s by 08:30 ET, showing strong buying interest following the Asian session selloff. While not overbought (max 57 as of 12:00 ET), the RSI suggests short-term buyers are active and may push price toward the 1.21–1.22 range.

Bollinger Bands

Volatility expanded dramatically during the Asian session, with price hitting the lower Bollinger Band at $1.169. Since the 01:15 ET candle, price has remained above the 20-period moving average and within the upper half of the bands, indicating a tightening of volatility and a potential consolidation phase. The Bollinger Band width has since contracted, which may precede another directional move.

Volume & Turnover

Volume and turnover spiked during the Asian session selloff, especially at 20:15 ET with a $171,666 notional turnover, followed by a smaller peak at 01:15 ET with $48,496. These divergences suggest fear-based selling earlier in the day and confirmation of a short-covering rally later. Recent volume remains above average, particularly in the 05:00–08:30 ET timeframe, indicating ongoing interest despite modest price gains.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from $1.23 (high) to $1.169 (low), key levels at 38.2% (~$1.208) and 61.8% (~$1.195) were both tested, with the 61.8% level holding firm as support. On the daily chart, the 50-day swing from $1.23 to $1.169 also aligns with these levels, reinforcing potential support and resistance zones for the next 24 hours.

Price could attempt a near-term push to retest the $1.21–1.215 range as buying interest appears to have taken hold. However, volatility remains elevated, and a breakdown below $1.195 could reignite bearish sentiment. Investors should monitor the 50-period 15-minute MA and RSI divergence for signs of exhaustion in either direction.