$MAGIC /USDT – After the Pump, Retest in Progress
MAGIC exploded from the $0.16 zone to hit a sharp 24h high of $0.2981, gaining over +34%. But after that strong push, it's now entering a correction phase, currently trading at $0.2533.
The red candle structure suggests a retest is underway. If selling pressure continues, we could see a dip back to the $0.2250–$0.2300 zone for support confirmation.
Key Levels to Watch:
• Immediate Support: $0.2450
• Retest Zone: $0.2250 – $0.2300
• Resistance: $0.2750 – $0.2980
• Trend Bias: Bullish overall, but short-term pullback in play
Watch for a strong bounce from the $0.2250 range before considering fresh long entries. Bulls may return if that level holds firm.