$MAGIC surged 31.3% in 24 hours after breaking above the key $0.24 resistance, driven by a technical breakout, improved liquidity, and reduced supply concerns. The rally was fueled by strong trading activity, Upbit’s updated supply schedule easing dilution fears, and whale accumulation. With RSI at 59.9 and Fibonacci targets at $0.249 and $0.285, momentum remains strong. However, its 50% monthly gain suggests caution. Sustaining above $0.24 is crucial, and MAGIC’s AI gaming shift may help it stand out amid broader market volatility.
