$MAGIC /USDT Price Surge – Bullish Momentum in Full Swing
$MAGIC has just delivered a powerful rally, jumping over 51% in the last 24 hours. The price surged from a low of 0.1721 to a high of 0.2742, with the current price sitting at 0.2696. This massive upside move is supported by strong volume — over 271 million MAGIC traded — indicating aggressive buying interest.
Key Observations:
Timeframe: 30-min chart shows consistent higher highs and higher lows.
Breakout Zone: Price broke above the previous resistance around 0.2300 and hasn't looked back.
Volume Surge: High volume confirms the strength behind this breakout.
Current Momentum: Price structure remains bullish as candles close near highs with no signs of major rejection yet.
Trade Setup (Long):
Entry Zone: 0.2630 – 0.2690
Stop Loss: Below 0.2550
Target 1: 0.2780
Target 2: 0.2850
Target 3: 0.2950 (final target if momentum continues)
Market Insight:
As long as MAGIC maintains its position above the breakout level and continues attracting volume, bulls remain in control. Keep trailing your stop loss to secure profits and manage risk.
