$MAGIC /USDT – Explosive Breakout, Up Over 53 Percent
MAGIC has posted a strong bullish breakout, surging from 0.1721 to a high of 0.2853 in the past 24 hours. The pair is now trading at 0.2702, up more than 53 percent, with volume crossing 300 million MAGIC.
Market Insight:
The chart shows a near-vertical rally on the 2-hour timeframe, confirming strong momentum and aggressive buyer interest. However, entering after such a sharp move carries risk. A retest around 0.2500–0.2550 may offer a better entry if the uptrend holds.
Caution is advised for late entries. Watch for rejection or consolidation near 0.2850 resistance.
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