Here’s the technical and sentiment snapshot of $MAGIC
/TRY as of your latest update:
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🧾 Market Summary: MAGIC/TRY
Metric Value
Last Price ₺5.51
USD Equivalent ~$0.1393
24h Change -3.33% 🔻
24h High / Low ₺5.92 / ₺5.38
24h Volume (MAGIC) 13.92M
24h Volume (TRY) ₺78.31M
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📉 Performance Analysis
MAGIC is currently trending downward:
The price is near the lower range of the 24h band.
The 3.33% drop indicates short-term bearish pressure, possibly part of a wider trend.
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📊 Technical Indicators
Indicator Value Interpretation
Volume 220,192 MAGIC 🟠 Light to moderate activity
MA(5) 418,900 Price below MA(5) – bearish
MA(10) 625,035 Clear downtrend confirmation
🔻 The price sitting below both moving averages implies momentum is weak, with sellers in control.
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🔍 Support & Resistance Levels
Type Level
Support 1 ₺5.38 — 24h low
Support 2 ₺5.33 — historical zone
Resistance 1 ₺5.75
Resistance 2 ₺5.92 — recent high
Resistance 3 ₺6.18 – minor liquidity wall
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📌 Technical Summary
Aspect Status
Trend 🔻 Bearish
Momentum 🔻 Weak
Volume Trend 🟠 Moderate
Volatility 🔸 Moderate
Sentiment 😐 Neutral to slightly negative
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🔄 What to Watch Next
Scenario Signal
Break below ₺5.38 🔻 More downside likely
Bounce from ₺5.38 – ₺5.33 ⚠️ Watch for reversal confirmation
Break above ₺5.75 w/ volume 🔼 Potential short squeeze to ₺6.00+
MA crossover (5 > 10) 🟢 Bullish shift in momentum
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Would you like:
A trade strategy based on this setup (e.g., entry/exit)?
Or a visual chart breakdown with trends and levels?
Let me know how you'd like to proceed.
