Market Overview for Mask Network/Tether (MASKUSDT) on 2025-09-24

• Price opened at 1.226 and closed near 1.222, with a 24-hour high of 1.244 and low of 1.183.
• A sharp dip in the early hours tested key support levels before a recovery took hold.
• Volatility increased significantly, particularly in the late 15-minute candles.
• RSI approached overbought territory in late afternoon trading, suggesting a possible near-term pullback.
• Volume surged during both bearish and bullish moves, confirming price actions.

Mask Network/Tether (MASKUSDT) opened at 1.226 on 2025-09-23 12:00 ET and closed at 1.222 as of 2025-09-24 12:00 ET. The pair reached a 24-hour high of 1.244 and a low of 1.183. Total volume for the 24-hour period was approximately 343,231.7 units, with a notional turnover of around $422,620.90.

The candlestick pattern over the past 24 hours showed a distinct bearish to bullish shift. A key bearish trend was observed during the early morning hours as price dropped to 1.183, forming a bullish reversal pattern near that level before a gradual recovery ensued. A notable 15-minute bullish engulfing pattern emerged at 2025-09-24 13:15, confirming a short-term upward bias. Additionally, a doji formed at 2025-09-24 11:45, signaling indecision and potential consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish crossover around 2025-09-24 03:00, suggesting a potential short-term uptrend. On the daily chart, the 50/100/200-period MAs indicated a bearish bias, with price trading below the 200 MA for most of the 24-hour window, hinting at a larger-term bearish pressure.

MACD & RSI

MACD on the 15-minute chart showed a positive divergence, reinforcing the short-term bullish momentum after the early morning low. RSI surged past 70 at the end of the 24-hour period, reaching an overbought condition that could signal an impending correction. However, the RSI’s rapid rise also indicated strong buying pressure.

Bollinger Bands

Volatility spiked as the price moved from the lower band to the upper band during the late afternoon. This wide band expansion suggested increasing uncertainty and market participation. Price currently sits just below the upper band, indicating strength but also the risk of a retracement toward the midline or even the lower band.

Volume & Turnover

Volume surged during the early morning bearish move and again during the afternoon bullish push, with the largest single 15-minute volume spike at 2025-09-24 13:15. Notional turnover correlated closely with price action, confirming the strength of both bearish and bullish moves. However, volume dipped during the afternoon consolidation phase, suggesting a potential pause before the next move.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 1.183 to 1.244, key levels include 38.2% at 1.219 and 61.8% at 1.233. The price found initial resistance at 1.233 and has since consolidated near 1.222, suggesting that the 61.8% level may act as a pivot point in the near term. Daily Fibonacci levels reinforce the possibility of continued pressure above 1.233.

Backtest Hypothesis

The backtesting strategy in question focuses on a dual-crossover approach combining RSI and MACD for entry triggers. In this context, the recent RSI overbought signal and the positive MACD divergence suggest that the strategy may have generated a long signal around 2025-09-24 13:15. A stop-loss could have been placed below the 1.22 level, with a target near 1.233–1.235. Given the current price action and the strength of the recent move, the strategy appears to align with the observed technical setup, offering a plausible short-term trading opportunity.