🚨 𝗠𝗔𝗦𝗞 𝗖𝗿𝗮𝘀𝗵𝗲𝗱 𝗧𝗼 𝗔 𝟲-𝗠𝗼𝗻𝘁𝗵 𝗟𝗼𝘄 — 𝗕𝘂𝘁 𝗦𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝗨𝗻𝘂𝘀𝘂𝗮𝗹 𝗛𝗮𝗽𝗽𝗲𝗻𝗲𝗱
MASK recently fell to around $0.33, its lowest level in 6 months.
At first glance, the chart looks very bearish.
But according to CryptoQuant on-chain data and market insights, the data is showing a more interesting picture.
🔷 Panic Selling Hit The Market
➡️ As the price dropped, many holders reacted to the crash.
➡️ Active addresses jumped from a normal range of 70–90 per day to 280 in a single day.
➡️ This usually happens when investors become very active during major market moves.
🔷 Large Withdrawals Caught Attention
➡️ On June 6, around 1.45 million MASK was withdrawn from exchanges.
➡️ At the same time, exchange deposits increased as some traders moved tokens to sell.
➡️ However, withdrawals were even larger, suggesting some investors were moving MASK into longer-term storage.
🔷 What Does The Chart Say?
➡️ According to chart, MASK is still in a strong short-term downtrend.
➡️ The token is trading below key moving averages, showing that bearish pressure remains.
➡️ RSI dropped to extremely low levels, a sign that selling has been unusually intense.
🔷 Key Levels Traders Are Watching
✅ Support: $0.342 – $0.344
✅ Resistance: $0.349 – $0.356
➡️ If support holds, the market could see a short-term bounce.
➡️ If support breaks, traders may watch for further downside.
🎯 Key Takeaway
The price action still looks weak.
However, some on-chain signals are showing a different story:
✅ Active addresses surged to 280
✅ 1.45M MASK left exchanges
✅ Heavy selling pressure pushed RSI into oversold territory
This doesn't confirm a reversal, but it does suggest that traders are closely watching MASK to see whether this is a temporary pause in the downtrend or the beginning of a stabilization phase.
