#MAGIC Analysis
📈 Analysis and forecast for
$MAGIC IC on Binance: further prospects? 📉
As of 10:41 EEST, June 16, 2025, the price of
$MAGIC (Magic Internet Money) on Binance is $0.1346, showing an impressive rise of 16.24% over the last 24 hours. Increased trading volume indicates growing investor interest, which may be linked to protocol updates or positive community sentiment.
$MAGIC , as a stablecoin focused on decentralized lending, attracts attention due to its integration with Ethereum ecosystems and other blockchains.
Technically,
$MAGIC it looks promising. On the 4-hour chart, the 50-day SMA has crossed the 200-day from below, signaling bullish momentum. The RSI (14) at 68 is approaching the overbought zone, while the MACD shows strong positive dynamics. Key resistance is at $0.14, a breakout of which could lead to $0.16. Support is at $0.13, with further support at $0.12. Holding above $0.134 strengthens the bullish scenario.
Forecast: in the coming days, MAGIK may test $0.14–$0.15, with a chance of rising to $0.18 by the end of June 2025 with volume support. A rise to $0.20–$0.25 is possible by July if interest remains. The long-term outlook for 2026 is $0.40+, assuming ecosystem expansion and new partnerships. Risks include a correction after overbought conditions and overall market volatility. Historically, MAGIC peaked around $0.57, leaving potential for growth under favorable conditions.
Further prospects? A rise of 16.24% and a price of $0.1346 are close to resistance at $0.14. Buying at $0.13 with a target of $0.16 and a stop-loss at $0.125 appears justified. The community expresses optimism, predicting movement towards $0.20 in the coming weeks, but this is speculative. Stay tuned for development news!
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