Market Overview for Mask Network/Tether (MASKUSDT)

• Mask Network/Tether declined to 0.776 before rallying to 0.815, indicating potential short-term support and resistance levels.
• Volume surged late in the session, with turnover rising to $4,488.73, suggesting increasing interest in the pair.
• A bullish engulfing pattern formed around 00:30 ET, signaling a possible short-term reversal in momentum.
• RSI moved out of oversold territory, while MACD showed a positive crossover, hinting at improving near-term momentum.
• Bollinger Bands widened as price approached the upper band, suggesting rising volatility and potential continuation or exhaustion of the rally.

Mask Network/Tether (MASKUSDT) opened at 0.793 on 2025-10-30 at 12:00 ET and closed at 0.815 on 2025-10-31 at 12:00 ET, with a high of 0.826 and a low of 0.776. Total volume traded was 448,873.3, and total turnover amounted to $359,986.80. The pair experienced a notable dip to 0.776 before a late-session rally that pushed the price above key psychological levels.

Structure and price formations suggest a developing base in the 0.775–0.815 range, with the 0.786–0.792 level acting as a key pivot. A bearish engulfing pattern was evident during the early part of the session, followed by a bullish engulfing pattern around 00:30 ET that may signal a short-term reversal. The 20-period and 50-period moving averages on the 15-minute chart have converged in the 0.79–0.80 range, suggesting a period of consolidation after a volatile 24-hour period.

MACD showed a bullish crossover as momentum turned positive late in the session, while RSI crossed above 40, indicating that the pair may be moving out of oversold territory. Bollinger Bands showed a wide expansion as price reached the upper band, hinting at a potential continuation or reversal. On the daily chart, the 200-period moving average remains above the 50-period, suggesting longer-term bearish bias, but the 15-minute chart points to short-term bullish momentum.

The Fibonacci retracement levels from the recent swing low (0.776) to the swing high (0.826) suggest key levels at 0.802 (38.2%) and 0.790 (61.8%), which may act as support or resistance in the coming 24 hours. The volume profile also suggests increased buying interest after the 00:30 ET time frame, with the final four 15-minute candles showing rising volume and higher prices.

Backtest Hypothesis
To evaluate the potential effectiveness of trading signals from this session, a backtest could be constructed using the bearish and bullish engulfing patterns identified in the data. The bearish engulfing pattern around 16:00 ET could have triggered a sell signal, while the bullish engulfing pattern at 00:30 ET could have triggered a buy signal.

For a backtesting strategy, it is assumed we are exiting long positions or initiating short positions at the next bar’s close. A fixed-holding period of 4–6 hours could be tested, or the trade could be exited upon an opposite pattern forming. Additionally, a 5% stop-loss and a 7.5% take-profit target could be applied to manage risk.

Given the high volatility and volume surge in the final hours, this pair may be well-suited for short-term trading strategies that capitalize on pattern-based entries and tight stop-losses. The 0.815–0.826 range appears to be a key threshold for continuation of the rally or potential pullback. Investors should remain cautious of divergence between price and momentum indicators as the next 24 hours unfold.