Whales Go Wild: Mask Network’s Price Rollercoaster! 🎢🐋

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In a twist that could only be described as a cosmic joke, the Mask Network token decided to take a leap of faith, soaring to heights not seen since the last time someone thought it was a good idea to invest in cryptocurrency. It reached a dizzying $3.6766, only to plummet back down to the comforting embrace of $2, as if it were trying to remind us all of the laws of gravity. 🚀💥

Now, if you thought that was the end of the story, think again! On-chain data, which is basically the universe’s way of saying, “Look at me, I’m important,” revealed that whale transactions jumped to a staggering 26. Yes, 26! The highest point since May 28, which is a date that will surely go down in infamy. 🐳💸

But wait, there’s more! A deeper dive into the murky waters of crypto reveals that these whales, those magnificent creatures of the deep, are not just swimming around for fun; they are selling the Mask token like it’s going out of style. The supply held by these aquatic giants dropped to a record low of 28.26 million on Friday. Talk about a feeding frenzy! 🐋🍽️

And if you thought that was the end of the doom and gloom, hold onto your hats! The 180-day and 365-day mean dollar invested age (MDIA) has been on a downward spiral, dropping from 50 to 29.6 in just a few months. It’s like watching a slow-motion train wreck, but with more numbers and less popcorn. 📉🍿

Now, for those who are still awake, the MDIA figure is a fancy way of saying, “Hey, look at how old these coins are!” A falling figure usually means bad news for a cryptocurrency, like finding out your favorite restaurant has closed down. 😱

And just when you thought it couldn’t get any worse, the Mask Network has been sporting a negative funding rate lately. This means that more traders are shorting the asset, which is like betting against your own team. They’re paying bullish traders a small fee, which is just delightful, isn’t it? 🤑

Mask Network price technical analysis

According to the daily chart, the MASK price had a brief moment of glory, reaching a high of $3.7020 before suffering a catastrophic reversal to $2.3300. It dropped below the key support at $2.50, which was the highest swing on April 1, a date that will now forever be associated with disappointment. 📉😩

The Relative Strength Index, which sounds like a fancy gym membership, tilted downwards from a high of 80 to a mere 54. This suggests that the token is likely to continue its downward spiral as sellers attempt to push it below $2, possibly dragging it down to the depths of $0.9475, the lowest point in April. It’s like watching a soap opera, but with more numbers and less drama. 📊🎭

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2025-06-07 21:06