$MAGIC
đ¨ MAGIC/USDT Perp Update â Real-Time
Price: ~$0.209â$0.211 đź up ~27â29% over 24h
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đ Technicals, SupportâResistance & Trade Setup
MAGIC recently broke above daily resistance around $0.176â$0.18, confirming a bullish breakout pattern with strong volume. Momentum technicals across intraday frames support continuation.
TradingView shows strong weekly bullish sentiment; daily is neutral to mixed. CoinGecko reports a 29% weekly gain, doubling monthly gains (â47% over 1 year) .
Support/Resistance Zones:
Support: $0.18â$0.19 (breakout level), base at ~$0.17
Resistance: $0.22â$0.23 near prior consolidation top; breakout targets $0.26â$0.30+
Trade Ideas:
Long bias: Entry $0.19â$0.20, SL $0.18, TP1 $0.22, TP2 $0.26â$0.30
Short scenario: Only if rejection forms at resistance zone $0.22â$0.23, entry ~$0.225, SL ~$0.235, TP ~$0.19, deeper to ~$0.17
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đ Whale / Smart Money Activity
Recent rally appears driven by bullish sentiment rather than clear institutional flows; however, structure and volume support favorable setup for continuation. No prominent whale data yet available.
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đŻ Sentiment: NeutralâBullish
Momentum reset after long-term downtrend. Breakout above $0.18â$0.19 supports bullish view; confirmation above $0.22 highly favorable. Caution prudent given past volatility and long-term bearish bias.
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Summary:
MAGIC is forming a strong breakout structure with supportive volume and technical patterns. Holding above the $0.18 base and reclaiming $0.22 with momentum would validate further upside toward $0.26â$0.30. Failure to sustain gains could nullify breakout and retest support zones.
#MAGIC_USDT #TreasureToken #CryptoBreakoutAnalysis
