MaskNetwork (MASK), which has increased by 76 percent in the last week, continues its upward trend.
With the rise of Bitcoin (BTC) in recent days, big rises have started for altcoins. Accompanying these rises, MASK continues to overcome the resistances in front of it one by one. In addition, Twitter’s convergence towards cryptocurrencies creates a favorable environment for the social media and Web3-oriented Mask Network side.
Mask Network Rise, Why Is It Rising?
MASK, the native cryptocurrency of the Mask Network platform, offers Web3 attributes for Twitter and Facebook users. The purpose of its launch has been described as “purchasing decentralized storage or NFTs”. Also, one of the goals of MASK is to create a cryptocurrency that works as a bridge between Web 2 and Web 3.
Web3 has recently come to the fore in trend cycles, which are indispensable for the crypto market. Web3-focused cryptocurrencies have continued their pricing in recent weeks. As long as the trend cycle continues on the Web3 side, it is predicted that MASK can continue to price.
MASK Chart Analysis, What Can Happen?
As long as MASK can maintain the current uptrend, it can rise up to its initial target of $5.20. If this level is exceeded, it can rise to $ 6.40 and $ 7.50, respectively. If the uptrend is not maintained and the possible BTC is in a bearish scenario, there may be a pullback to $4.44, $3.80 and $2.02, respectively.
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