Masks Community surging, MASK rallies 114% in 7 days

Masks Community’s native token, MASK, continues to retain an uptrend, lately posting sharp features. When writing on Mar. 18, the token is altering palms at $6.19 per knowledge from CoinMarketCap, a coin tracker.

MASK worth motion

MASK is in inexperienced, studying from the efficiency within the each day chart. The token rose from about $4.44 to $6.41 prior to now 24 hours, surging over 40%.

Masks’s 7-day worth motion | Supply: CoinMarketCap

In the meantime, the token swung from bearish to bullish within the final buying and selling week. As of Mar. 12, MASK traded at $2.8 however reversed losses and spiked to identify charges. The shift in pattern noticed MASK surge 114% week-to-date, pushing its market cap to over $459m, inserting it at 89th on the leaderboard.

Primarily based on the efficiency within the each day chart, Mar.18’s features had been essentially the most in depth within the final week of buying and selling.
Per the MASKUSDT candlestick association within the each day chart, there are hints of a doable bullish continuation which will push the token above the $7 resistance stage.

Masks technical evaluation | Supply: TradingView

Normal market sentiment means that bulls are upbeat. Of word, all transferring averages, a technical indicator for pattern definition, signifies that MASK is on an uptrend, and merchants seem like accumulating.

What’s driving MASK?

There might be a number of causes behind MASK’s worth rally. 

For instance, on Mar. 7, Lookonchain, an onchain evaluation platform, famous huge withdrawals of MASK from key exchanges, together with Binance and Huobi. 

Accompanying this was a worth shift that noticed MASK rise from $3.27 to $4.16, a 27% acquire.

Lookonchain tweeted {that a} pockets, believed to be owned by the platform, dumped 850,000 MASK.