🔥🔥🔥$MAGIC Is the逆势发力 a flash in the pan or a comeback of the king?
MAGIC is the governance token of the Treasure project, belonging to the well-known GameFi project on the Arbitrum chain. It is referred to as the "on-chain Nintendo" and has practical application value in multiple chain games.
Reasons for this wave of increase:
On-chain capital returning: The Arbitrum ecosystem is warming up, and MAGIC, as an established project, is the first to benefit.
Breakthrough at a low level: Recently, it has stood above the moving average, and the bullish structure has been rebuilt.
Capital rotation logic: Mainstream coins are adjusting, and funds are beginning to focus on medium and small market cap potential coins.
Technical analysis:
The current price is fluctuating between $0.175 and $0.178, with short-term support at $0.170 and strong resistance at $0.18.
After the MACD golden cross, it still maintains red bars, indicating the possibility of a continued bullish trend.
If it breaks through $0.18, the target looks at $0.188 to $0.195; if it falls below $0.167, it is recommended to stop loss.
Operation suggestions:
Short-term: Buy lightly near $0.172 on a pullback, target $0.188.
Medium-term: You can accumulate a small amount, paying attention to whether it breaks through $0.18 and the subsequent movements of the Treasure project.
MAGIC currently has a good structure, and the逆势拉升 is expected to show independent market behavior. Manage your position well and primarily test with light positions.
