Market Overview for Mask Network/Tether (MASKUSDT)

Summary
• Price declined from 0.692 to 0.681 over 24 hours, forming bearish patterns and testing key support.
• RSI and MACD indicate weakening momentum and potential oversold conditions after a sharp drop.
• Volume surged during key breakdowns, confirming bearish sentiment in the late overnight session.

Market Overview

Mask Network/Tether (MASKUSDT) opened at 0.684 on January 6, 2026, reached a high of 0.696, and closed at 0.681 on January 7, 2026. The pair traded between 0.661 and 0.696, with total volume of 660,089.8 and turnover of $442,180.18 over the 24-hour period.

Structure & Formations

Price declined from a 0.692 high, forming bearish engulfing and dark cloud cover patterns. A key support level appears at 0.676–0.680, with a doji at 0.681 suggesting potential near-term indecision. Resistance holds at 0.685–0.692 as a short-term ceiling.

Moving Averages

On the 5-minute chart, price briefly crossed above the 20-period SMA but remained below the 50-period SMA, indicating bearish bias. On the daily chart, the 50-period SMA at ~0.682 and 200-period SMA at ~0.690 suggest a potential short-term bounce toward 0.685 if bulls reclaim control.

MACD & RSI

The MACD turned bearish with a negative histogram, confirming weak momentum. RSI dipped into oversold territory near 30, suggesting possible near-term buying interest. However, RSI divergence remains limited, indicating caution.

Bollinger Bands

Volatility expanded during the overnight sell-off, with price breaching the lower Bollinger Band at ~0.675–0.680. A rebound within the bands could target the midline at 0.684, but a sustained move below the lower band would signal deeper bearish pressure.

Volume & Turnover

Volume spiked during the breakdown below 0.685, confirming bearish conviction. Turnover aligned with volume surges during key swings, suggesting institutional or large-cap participation. Price-volume divergence is not evident, supporting bearish sentiment.

Fibonacci Retracements

On the 5-minute chart, price found support at the 61.8% Fibonacci level of ~0.678–0.682 during the overnight sell-off. On the daily chart, a potential bounce may target the 38.2% retracement at ~0.686, with a longer-term target at the 50% level of ~0.688.

Looking ahead, a retest of 0.682–0.685 could trigger a short-term rebound, but a break below 0.676 may open the path to 0.668. Investors should remain cautious of extended volatility and potential follow-through selling.