Daily Market Highlights: DeFi Frenzy Reignites as AAVE Soars and WCT Gains Momentum

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 20 2025

MASK-2.526%

ZKJ-5.52%

MERL+3.6499999%

Should l Buy MASK?

DeFi Tokens Performance: AAVE leads the DeFi market with a 21.5% surge following its expansion into Aptos, while MASK and WCT also see significant gains due to new integrations and features. In contrast, MERL faces a decline after a token unlock, highlighting the mixed narratives driving these cryptocurrencies.
Global Market Trends: Global equities are showing signs of fatigue with slight declines in major indices, while European stocks reach multi-year highs. Investor sentiment is shifting towards DeFi protocols and Web3 projects, indicating a potential sectoral rotation away from big tech amidst ongoing macroeconomic uncertainties.

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Technical Analysis for MASK

Technical Sentiment Analysis for Mask Network (MASK) As of , Mask Network (MASK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MASK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MASK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Mask Network (MASK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.217	0.305	0.4	0.488	0.583	0.671	0.766
Fibonacci	0.305	0.375	0.419	0.488	0.558	0.602	0.671

About MASK

Mask Network is a protocol that allows its users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.Mask Network was initially launched in July 2019, with its first use case of allowing Facebook and Twitter users to encrypt posts on the social media platforms. It then raised $2 million in a funding round in November 2020, co-led by HashKey and Hash Global, and a further $3 million funding round in February 2021 with participation from Digital Currency Group and Fundamental Labs.Now, Mask Network offers the ability to fund Gitcoin grant campaigns directly from Twitter, as well as plans to offer peer-to-peer payments and decentralized storage functionality. It is a decentralized portal that also allows users to use DApps like crypto payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs) and decentralized organizations (DAO) over the top of existing social networks without migrating, creating what is referred to as a decentralized Applet (DApplet) ecosystem.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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