$MAGIC

Trending Crypto Pick: $MAGIC Surges Amid Volume Spike and Bullish Momentum

The cryptocurrency $MAGIC, native to the Treasure gaming ecosystem on Arbitrum, is making headlines after a sharp rally. Over the past 24 hours, the token surged from lows near $0.113 to intraday highs around $0.174, marking a substantial 37% gain. Analysts attribute this breakout to strong buying pressure as $MAGIC pushed through key resistance levels between $0.140 and $0.148, with short-term targets now set between $0.165 and $0.180.

Trading volume has exploded, topping $260 million within a single day—an impressive 2,360% increase compared to previous sessions. Market sentiment is overwhelmingly bullish, with the Relative Strength Index (RSI) approaching overbought territory near 80, indicating ongoing momentum but also calling for caution among late entrants. Analysts are closely watching the $0.130 support zone as a critical level for maintaining the current bullish trend.

Beyond the price action, $MAGIC’s utility within the Treasure metaverse continues to expand. The token plays a central role in gaming, staking, and governance within the platform’s NFT marketplace. Looking ahead, projections remain optimistic, with some forecasting a potential 198% rally by early 2026 and long-term average prices ranging between $0.25 and $0.33. However, with its relatively small market cap of around $44 million, traders are advised to exercise disciplined risk management.