BEAM and MASK Gains Bullish Momentum Ahead Of Major Breakouts: Are Big Rallies On Horizon?

Date: Thu, Dec 12, 2024, 12:09 PM GMT

In the cryptocurrency market today, we are witnessing a strong bullish bounce-back in altcoins as the market, which saw significant corrections earlier this week, begins to stabilize.

Amid this bullish reversals, Beam (BEAM) and Mask Network (MASK) are capturing the spotlight with impressive rallies. Both tokens have surged by average 18% surge over the past 24 hours, showing strong momentum ahead of potential major breakouts.

Source: Coinmarketcap

Beam (BEAM)

Beam (BEAM), is started to make dominance in the gaming tokens narrative, with its impressive performance. Over the past 30 days, BEAM has skyrocketed by an impressive 84%, climbing from a monthly low of $0.020 to its current price of $0.03878.

Currently, BEAM is trading within a critical resistance zone between $0.038 and $0.044. If the bullish momentum persists and BEAM manages to break above the $0.044 resistance, the token could target its next levels at $0.050 and $0.075, representing potential gains of up to 92% from its current price.

Mask Network (MASK)

Mask Protocol (MASK), known for its resilience, has been consolidating within a descending triangle pattern for nearly three years. Despite prolonged consolidation, MASK has held firm at its lower-level supports while making several attempts to breach the upper resistance line.

Trading at $4.13, MASK appears poised for a major breakout. If the token successfully clears its resistance, it could advance to price levels of $6.16 and $7.40, offering potential gains of up to 80%.

Furthermore, if bullish sentiment prevails, MASK could even target the ambitious level of $14.33, promising substantial returns for investors who ride the wave.

Are Big Rallies On The Horizon?

The growing bullish momentum in BEAM and MASK suggests that significant price surges could be on the horizon. A declining Bitcoin dominance ratio has created a more favorable environment for altcoins, allowing tokens like BEAM and MASK to shine.

For these tokens to unlock their full potential, clearing key resistance levels will be crucial. If the current upward momentum continues, BEAM and MASK could deliver impressive returns for investors, making them some of the most promising assets in the current market landscape.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

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