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1. Instant overview
- Current price: $MAGIC
- $0.1616
- 24-hour performance:
- +35.64% increase in price, and +33.80% over the past week.
- Market capitalization:
- $49.76 million.
- Trading volume:
- $176.9 million in 24 hours.
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Critical support and resistance levels
- Strong support:
- $0.1465 (Lowest expected level for 2025).
- $0.0807 (Main historical support).
- Critical resistance:
- $0.2341 (Highest expected level for 2025).
- $0.2158 (Immediate resistance, needs to break to continue rising).
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Near-term outlook
- Bullish scenario:
- If it exceeds $0.2158, it may rise to $0.2929.
- Bearish scenario:
- If it breaks $0.0807, it may drop to $0.0700.
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Strategic recommendations
- For day traders:
> "Buy on breakout of $0.1620 with a short target of $0.1750, and take profit at $0.2000. Stop loss at $0.1500." .
- For long-term investors:
- The opportunity is good to buy at current levels.
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Summary
The current price of MAGIC shows short-term bullish strength supported by high trading volume and positive sentiment, but it faces resistance at $0.2158. A breakout above this level could trigger a strong upward wave, while failure may retest support at $0.1465.
- Key: Monitor trading volume and break $0.1620 to enter buy trades.
