MAGIC Token Soars 34% on Binance as Trading Volume Jumps 600%, Signaling Strong Momentum

MAGICUSDT experienced a significant price increase of 34% over the past 24 hours on Binance, rising from 0.1156 to 0.1549, with trading volume surging by nearly 600% in a 10-minute window. This sharp movement is attributed to heightened trading activity, as evidenced by technical indicators such as an RSI above 90 and price action above both short- and long-term moving averages, signaling strong short-term momentum. Despite this surge, recent news indicates that MAGIC is not among the most discussed or trending tokens in June 2025, and broader sentiment remains neutral with a slight lean toward greed, according to the Fear & Greed Index. The token continues to serve as the core asset of the Treasure gaming and NFT ecosystem, supporting staking and NFT-related functions, but there have been no major new partnerships or ecosystem developments reported in recent weeks. Current market data shows MAGIC trading at 0.1549 on Binance, with 24-hour trading volume and market capitalization figures varying across sources, reflecting high volatility and increased market attention.