📈 $MAGIC Analysis and Forecast on Binance: What's Next? 📉
$MAGIC is trading at $0.1349 on Binance at 17:03 EEST, July 08, 2025, up 11.49% in the last 24 hours. The jump highlights the growing interest in Treasure, a platform for creating NFTs and gaming in the metaverse, which is attracting traders. The increase in trading volume confirms the excitement in the community.
Technically, $MAGIC is in a strong uptrend. On the 4-hour chart, the 50-day SMA has crossed the 200-day from below, signaling bullish momentum. RSI (14) at 72 is approaching the overbought zone, which requires caution. Key resistance is $0.14, a break of which could lead to $0.15. Support is located at $0.13, below it is $0.12. Hold above $0.1349 supports the current gains.
Forecast: MAGIC may test the $0.14 resistance in the coming days, with a chance to rise to $0.15 by mid-July 2025 if interest continues. Growth to $0.20–$0.25 is possible by the end of 2025 if the ecosystem development and integration with Web3 continue. Long-term outlook for 2030 is $0.50+, subject to mass adoption of NFTs and games. Risks include correction due to overbought and market volatility. Amid the hype, the outlook looks promising.
Outlook? Up 11.49% and $0.1349 close to resistance at $0.14. Buying at $0.13 with a target of $0.15 and a stop loss of $0.12 could be justified. MAGIC stands out due to its innovations in the metaverse and the support of Binance, which attracts investors. Community activity highlights the speculative potential.
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