$MAGIC showing short-term bounce but faces resistance
Price is currently at $0.2094, down 0.48%. After hitting a local low of $0.2046, MAGIC rebounded sharply but struggled to hold above $0.2127.
The RSI(6) is 65.33, approaching overbought territory, suggesting upward momentum is strong but may be nearing exhaustion.
Key levels:
• Support: $0.2046, then $0.2039
• Resistance: $0.2127, followed by $0.2179
Momentum looks bullish for now, but failure to break $0.2127 could trigger a short-term pullback. Bulls need a firm close above this resistance to aim for $0.2179.
Buy and Trade here on $MAGIC
