Deep Dive
1. Multichain Expansion (Bullish Impact)
Overview: Mask Network rolled out multichain account support for Solana and Bitcoin (EVM chains already live) on October 28, 2025, enabling users to manage cross-chain assets within a single wallet. This aligns with its mission to bridge Web2 and Web3 social platforms.
What this means: The upgrade simplifies decentralized app (dApp) interactions and positions MASK as a hub for cross-chain SocialFi. Increased utility could drive demand, though adoption metrics (e.g., user growth, transaction volume) need confirmation.
What to look out for: On-chain activity spikes on Solana/Bitcoin via Mask’s interface.
2. Technical Rebound (Mixed Impact)
Overview: MASK’s RSI-14 (38.93) remains near oversold levels, while the MACD histogram turned positive (+0.0047) for the first time since November 25, signaling potential short-term momentum.
What this means: Traders may be capitalizing on oversold conditions, but resistance at the 7-day SMA ($0.715) and 30-day SMA ($0.736) could limit upside. The 24h volume of $19.9M (-17% vs. previous day) suggests cautious participation.
Key level: A sustained break above $0.715 could target $0.752 (50% Fibonacci retracement).
3. Social Sentiment vs. Market Headwinds (Mixed Impact)
Overview: Positive chatter about Mask’s Web3 privacy tools (e.g., encrypted social posts, NFT integration) contrasts with broader challenges like Coinbase’s October 2025 delisting of MASK pairs and Bitcoin dominance at 59%.
What this means: While Mask’s niche in decentralized social ecosystems attracts crypto-native users, altcoins face liquidity headwinds during “Bitcoin Season” (CMC Altcoin Season Index: 21/100).
Conclusion
MASK’s 24h gain reflects a mix of tactical buying and product optimism, but macro risks (BTC dominance, low liquidity) persist. Key watch: Can MASK hold above its pivot point ($0.675) if Bitcoin volatility resurges?