$MAGIC /USDT – BULLISH CONSOLIDATION BEFORE NEXT LEG UP?
After a sharp breakout to $0.1945, $MAGIC /USDT retraced and found support near $0.1730, forming higher lows while holding above the previous breakout zone. Despite intraday pullbacks, the price is consolidating in a tight range with decreasing bearish volume, signaling accumulation. A sustained move above $0.1809 could trigger the next rally toward $0.1886 and $0.1945. Traders may consider long positions above $0.1770 with a stop below $0.1720. Momentum remains strong as it holds a +24% gain on the day.