#BinanceTurns8
The main catalyst for the increase $MAGIC
The MAGIC token breached the critical resistance level at $0.165, which had defined prices since May 2025, leading to algorithmic and other momentum buying. This movement coincided with:
- Fibonacci confirmation: The price closed above the 23.6% retracement level ($0.1628).
- Sharp increase in trading volume: 24-hour trading volume rose to $123 million (+1,392%), confirming the bullish outlook.
- Relative Strength Index momentum: The 14-day Relative Strength Index rose to 42.09 from the oversold region, indicating renewed demand.
-The listing of the niza platform on the exchange also contributed to the increase