Here's a quick technical analysis of MAGIC/USDT based on the 4-hour chart you shared:

🔍 Analysis Summary:

Current Price: $0.1652

24h Change: -8.22%

24h High/Low: $0.2069 / $0.1624

📉 Trend Overview:

The price saw a sharp drop from $0.2069 to around $0.1624.

It's currently attempting a recovery after finding support near the 0.162 level.

MA(7) ≈ 0.1768: Price is below the short-term trend, showing weakness.

MA(25) ≈ 0.1587 and MA(99) ≈ 0.1648: Price is just above the long-term average, hinting at possible consolidation.

🔄 What to Watch:

Resistance Zone: $0.1680 – $0.1750

Support Zone: $0.1580 – $0.1620

A strong breakout above $0.175 could push MAGIC back to retest $0.19-$0.20.

If it fails and breaks below $0.158, expect a deeper retracement.

📈 Trade Idea:

Entry: $0.165–0.167 (on confirmation candle)

Target 1: $0.175

Target 2: $0.186

Stop Loss: $0.158

Let me know if you want updates on other timeframes or coins!

#wr