Follow me guys 🎁💗

#MAGIC/USDT : What happen next????

📊 Intraday Snapshot

Current Price: ~$0.2095

24 h Price Range: $0.1180 – $0.2181

Volume: ~$530M–$580M across exchanges

🔍 Technical Analysis

1. TradingView Summary

Overall Rating: Buy on short-term indicators

One-Week Trend: Neutral

One-Month Trend: Sell

2. Investing.com Indicators

Strong buy signals across most timeframes (5 min to daily); neutral weekly to monthly

On-daily: 12 buy vs 0 sell signals on moving averages; 8 buy vs 0 sell on other indicators

RSI at 84 (overbought), MACD positive, ADX strong – indicating bullish but potentially overheated short-term

3. Support & Resistance Levels

Support zones: $0.15–0.16 (former resistance turned support)

Immediate resistance: $0.22–0.23 (yesterday’s high ~$0.218)

If the rally continues, next targets are $0.30+, though a pullback is likely first

📉 Price Forecasts

From models like CoinCodex and CoinLore:

CoinCodex suggests a potential 25% drop to $0.13–$0.14 by early August

CoinLore sees a drop to ~$0.16 in 10 days, then down to ~$0.13 by July 21

Longer-term predictions vary widely—from mid-$0.20s to as high as $2–$3 depending on bullish models .

📈 Recent Movement & Key Drivers

Massive rally: +75–85% in 24 h, fueled by breakout from down‑channel and high trading activity

Volume surge: Over half a billion USD worth of MAGIC traded—indicating significant speculator interest

Overbought signals: RSI and short‑term peaks

🔮 Outlook & Strategy

📌 Short-Term (Next 1–2 weeks)

Likely to pull back toward $0.16–$0.17 (50–200 SMA cluster)

A bounce in this zone could reset momentum for a move toward $0.22–$0.23

📌 Medium-Term (1–3 months)

If support holds, next range: $0.20–$0.30

If $0.16 breaks decisively, deeper retracement to $0.12–$0.14
📌 Longer-Term (6+ months)

Bullish models predict $0.25 to $0.40+, others are more modest

Much will depend on broader crypto market sentiment and on-chain development
$BTC #Write2Earn!