This week, the token crossed the important resistance point at .571, its highest point on Oct. 5. It then rallied to its highest level since April.
It also coincided with a spike in the futures open interest, which jumped to .16 million, its highest level since April 2. Most of this volume was in Binance followed by Bybit, OKX, and Bitget.
Its intraday volume also jumped to the highest level in over a year. It had a volume of 2 million, up from million a day earlier, pointing to more demand for the coin. This rally was likely because of the upcoming Web3 Social Day in Bangkok where members of the team will participate.
The rebound happened as the crypto fear and greed index rose to the greed zone of 67, its highest level in months.
MASK chart | Source: TradingView
The alternative scenario is where the token gives up these gains and retests the support at .57 as some traders start to take profits.