$MAGIC /USDT, crafted for traders looking to capitalize on its strong upward momentum:

$MAGIC /USDT – STRONG BULLISH BREAKOUT UNDERWAY

Current Price: $0.2335

24h Change: +27.88%

24h High/Low: $0.2474 / $0.1721

24h Volume: 237.97M MAGIC | 50.04M USDT

Trend: Bullish

Exchange: Binance

Date & Time: 2025-08-04 19:00 (UTC)

Key Technical Levels

Resistance Levels:

R1: $0.2391 (minor resistance)

R2: $0.2474 (24h high)

R3: $0.2499 (extended target/round number)

Support Levels:

S1: $0.2283 (near-term support)

S2: $0.2174 (key demand zone)

S3: $0.2066 (solid bullish base)

Indicator Summary

Moving Averages (MA/EMA): Price is trading well above both MA and EMA on all timeframes – confirming bullish strength.

Bollinger Bands: Price nearing upper band, may consolidate but still in bullish bias.

MACD: Strong bullish crossover – histogram expanding.

SAR (Parabolic): SAR dots are below price, confirming uptrend.

Volume: High, strong buyer participation – confirms breakout validation.

Trade Setup – LONG ENTRY

Entry Zone: $0.2300 – $0.2335

Targets:

TP1: $0.2390

TP2: $0.2470

TP3: $0.2499 (round number resistance)

Stop Loss: $0.2170 (just below support)

Risk Management

Trade with 2–3% capital risk per position.

Adjust SL to breakeven once TP1 is hit.

Watch for volatility around $0.25 psychological level – potential rejection or breakout.

Conclusion:

$MAGIC/USDT has confirmed a strong breakout from consolidation with volume and bullish indicators aligning. It may continue to climb toward $0.25, making this a high-reward long opportunity for momentum traders.

Let me know if you want the chart image or analysis in a specific timeframe like 1H or 4H!

#ProjectCrypto #MarketRebound #BinanceHODLerTOWNS #MarketRebound #TrumpTariffs $MAGIC