Here’s a concise technical overview and analysis for $MAGIC

/TRY:

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📌 Current Price

₺5.12

USD Equivalent: $0.1283

24h Change: 🔻 -0.39%

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📊 Market Stats

24h High: ₺5.29

24h Low: ₺5.08

24h Volume (MAGIC): 3.02M

24h Volume (TRY): 15.64M

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📈 Key Technical Indicators

Current Trade Volume: 21,024.7

MA(5): 147,922.4

MA(10): 122,095.0

> 🔻 Volume is well below both MAs, indicating low short-term momentum or possible sideways consolidation.

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🔍 Order Book Depth

Resistance Levels:

₺5.19 – Minor barrier

₺5.30 – Psychological resistance

₺5.39 – Near-term resistance

₺5.42 – Stronger ceiling

Support Levels:

₺5.08 – Immediate support

₺4.97 – Watch for breakdown

₺4.88 – Stronger support zone

₺4.85 – 24h lower edge

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🔄 Trend Overview

Short-Term Trend: Flat to slightly bearish

Current Behavior: Price is hugging support levels, suggesting weak buyer pressure

Bias: Neutral-bearish until ₺5.19–₺5.30 is reclaimed with volume

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⚠️ Trade Considerations

Bullish Trigger: Breakout above ₺5.30, especially with volume > MA(10), could target ₺5.42+

Bearish Trigger: Drop below ₺5.08–₺4.97 may open a move toward ₺4.85 or lower

Suggested Stop-Loss (Longs): Below ₺4.85

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