$MAGIC / USDT | Technical Analysis 🚀

Current Price: $0.1807

24H Change: +52.49%

Timeframe: 15m

🔺 Trend: Strong Bullish Breakout with Momentum Continuation

MAGIC has surged from $0.1178 to a high of $0.1866, marking a sharp breakout with strong volume. Price is currently consolidating above all major EMA

EMA-9: $0.1764

EMA-20: $0.1738

EMA-50: $0.1673

EMA-100: $0.1563

The EMA are fanned out bullishly, indicating healthy trend structure and continuation potential.

📌 Potential Entry Zone (Pullback & Continuation Play): $0.1740 – $0.1775

🎯 Target 1: $0.1860 (local resistance)

🎯 Target 2: $0.1900 (round-number extension level)

🛑 Stop Loss: $0.1685 (below EMA-50 and breakout base)

📊 Indicators & Insights:

RSI(9): 67.85 → Near overbought, but not yet exhausted

Volume: Spike during breakout, followed by steady continuation — suggests strong buyer interest

EMA Stack: Bullish alignment across all EMAs

Price Action: Higher lows forming; indicates trend strength and strong demand after breakout

⚠️ Caution:

Watch for potential consolidation near $0.1800–$0.1820 before any breakout attempt. If RSI exceeds 70 with low volume, risk of short-term pullback increases.