$MAGIC /USDT Technical Analysis – 17 June 2025

📊 Current Price:

$0.1526

24h Change: +8.23%

📈 24-Hour Trading Range:

High: $0.1802

Low: $0.1403

Volume (MAGIC): 202.01M

Volume (USDT): 32.08M

📉 Price Behavior:

MAGIC has shown a strong bounce from recent lows, gaining over 8% intraday, reaching as high as $0.1802 before retracing to $0.1526.

🔍 Technical Analysis (4H + 1D Timeframes):

✅ Trend:

Short-term: Bullish bounce

Mid-term: Still bearish until it reclaims $0.18–$0.20

📌 Support Levels:

$0.1400 – Local support, today’s low

$0.1300 – Key demand zone, historical base

🔼 Resistance Levels:

$0.1600 – Intraday resistance

$0.1800–$0.1900 – Major resistance and profit-taking area

$0.2000+ – Bullish reversal confirmation if broken

📊 Volume & Sentiment:

Rising volume suggests accumulation or reaction to a catalyst (check ecosystem news or partnerships)

High wick rejection at $0.18 indicates sellers are active on pumps

🧠 Outlook & Strategy:

Scenario Signal Action Suggestion

Bullish Case Break & hold above $0.1600 Targets: $0.1800 → $0.2000

Bearish Case Drop below $0.1400 Targets: $0.1300 → $0.1200

Sideways Range-bound between $0.14 – $0.16 Scalping or wait for breakout

⚠️ Risk Note:

Gaming tokens like MAGIC are highly speculative and can be narrative-driven.

Avoid chasing pumps near resistance zones like $0.18–$0.19 without confirmation.

Always use a stop-loss below support (e.g., under $0.1400).

Would you like:

A chart analysis with indicators (RSI, MACD, EMAs)?

Or a fundamental check on MAGIC (Treasure DAO ecosystem, partnerships, etc.)?

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