This network is trading at $1.37, down a jaw-dropping 32.99% in just 24 hours according to CoinMarketCap. For a token that’s usually not this volatile, the sudden drop was brutal. What made it even stranger? The 24-hour volume surged over 532% to $533.53 million. That means a lot of people were trading—but mostly to sell.
So what’s going on with this token? And more importantly—is this the bottom, or is there more pain ahead?
This particular price crash amidst a massive volume tends to signify one thing: panic selling. Big holders (otherwise known as 'whales') sell off their bags, creating some sort of a chain reaction infusing fear and selling. Although the whole crypto market is down and there isn't any major headline causing today's sell-off; however, the technical damage is evident.
Looking at the daily chart on TradingView:
RSI (Relative Strength Index) is at 10.37 — that’s deep in oversold territory (below 30 is oversold). It exposes Mask Coin bearish sentiment in extreme levels and this kind of readings results in short-term bounces.
MACD isn't giving a whole lot of hope at the moment. The MACD line is generally lower than both the signal line and the zero line, confirming quite strong bearish momentum. The gap between the lines is also widening, which often signals a continued downtrend.
So while the RSI says “oversold,” the MACD says “still falling.”
Support: $1.30
It is hovering just above this key level. If it breaks, the next likely stop is around $1.10.
Resistance: $1.60
This was the previous consolidation area before the dump. If Mask Coin attempts to bounce, this level will likely act as a ceiling.
Short-Term (Next 1–2 Weeks):
Expected Range: $1.10 – $1.60
If support at $1.30 holds, a relief bounce to $1.60 could happen.
But if $1.30 breaks down, it could quickly slide to $1.10.
Long-Term (2–3 Months):
Expected Range: $0.90 – $2.20
If the bearish trend continues (as MACD suggests), this may revisit $1.00 or lower.
For a true recovery, the token must break above and hold $1.60, with the next bullish target at $2.20.
If you have already invested in this crypto , this is a critical point. The price is oversold, and yes, a short-term bounce could happen—but overall, the trend is still negative similar to libra crypto crash . And if you're not in yet? This might not be the time to "buy the dip" just yet. Let the dust settle. Watch support at $1.30. Watch the volume. And most importantly—don’t rush.
Also read: How Trump Tariff Plan Could Impact Bitcoin and the Crypto MarketSara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.