Below is the technical analysis and short-term trading strategies for three cryptocurrencies: MAGIC (Treasure), INIT (Initia), and ADA (Cardano), based on the latest market data and the 15-minute, 1-hour, 4-hour, and 1-day time frames:
🟨 Treasure (MAGIC/USDT)
Current price: $0.1658
24h volatility: +2.96%
24h trading volume: $21.27 million
Market cap: $54.93 million
Circulating supply: 331.39 million MAGIC
Max supply: No information   
📊 Technical analysis
• 15 minutes: RSI around 45, indicating the market is in a neutral state.
• 1 hour: MACD gives a slight bearish signal, further monitoring is needed.
• 4 hours: Slight downtrend, price is testing the support level around $0.16.
• 1 day: The long-term uptrend is still maintained, with a key resistance level around $0.17.
🎯 Short-term trading strategy
• Buy: If the price holds above $0.16 with increased trading volume.
• Sell: If the price breaks below $0.16 with high trading volume.
• Profit target: $0.17
• Stop loss: $0.15
🟦 Initia (INIT/USDT)
Current price: $0.8742
24h volatility: -7.48%
24h trading volume: $232.27 million
Market cap: $133.48 million
Circulating supply: 148.75 million INIT
Max supply: 1 billion INIT
📊 Technical analysis
• 15 minutes: RSI shows INIT is in the oversold zone, a short-term recovery may occur.
• 1 hour: MACD gives a bearish signal, further monitoring is needed.
• 4 hours: Downtrend, price is testing the support level around $0.85.
• 1 day: The long-term uptrend is still maintained, with a key resistance level around $0.90.
🎯 Short-term trading strategy
• Buy: If the price holds above $0.85 with increased trading volume.
• Sell: If the price breaks below $0.85 with high trading volume.
• Profit target: $0.90
• Stop loss: $0.80
🟥 Cardano (ADA/USDT)
Current price: $0.7412
24h volatility: +2.17%
24h trading volume: $955.57 million
Market cap: $26.18 billion
Circulating supply: 35.32 billion ADA
Max supply: 45 billion ADA
📊 Technical analysis
• 15 minutes: RSI around 50, indicating the market is in a neutral state.
• 1 hour: MACD gives a slight bullish signal, further monitoring is needed.
• 4 hours: Slight uptrend, price is testing the resistance level around $0.75.
• 1 day: The long-term uptrend is still maintained, with a key resistance level around $0.78.
🎯 Short-term trading strategy
• Buy: If the price holds above $0.72 with increased trading volume.
• Sell: If the price breaks below $0.72 with high trading volume.
• Profit target: $0.78
• Stop loss: $0.70
📊 Support the author by clicking on the MAGIC, INIT, or ADA chart below to see details and trade directly on Binance.