$MAGIC

#MAGIC Recent price increase have on Bullish momentum 📈

Price Movement: The current price is $0.1981 with a 64.67% increase. This significant increase suggests a strong upward movement, which is typically associated with bullish momentum.

Moving Averages (MA) :

MA(7): 0.2023

MA(25): 0.2030

MA(99): 0.1714

The short-term moving averages (MA(7) and MA(25)) are above the long-term moving average (MA(99)), indicating an overall upward trend. This alignment is a bullish signal.

Volume : The volume indicators show activity, but without specific numbers for recent periods, it's hard to definitively say if volume is increasing or decreasing. However, the presence of volume activity supports the notion of momentum.

Percentage Changes :

Today: 23.04%

7 Days: 63.72%

30 Days: 55.01%

90 Days: 160.32%

180 Days: -57.96%

1 Year: -57.71%

The positive percentage changes over shorter periods (today, 7 days, 30 days, and 90 days) indicate recent bullish momentum. The negative changes over longer periods (180 days and 1 year) suggest that the current trend might be a recovery or a shift from a previous bearish trend.

Order Book : The order book shows 43.71% buy orders and 56.29% sell orders. While there's a slight inclination towards selling, the difference isn't significant enough to conclusively determine bearishness.

Given these observations, the momentum signal appears to be bullish due to the recent price increase, the alignment of moving averages, and positive short-term percentage changes. However, it's essential to consider that past performance is not indicative of future results, and market trends can change rapidly.#INDIANstock