$MAGIC is 17 % up in 24 hours.

$MAGIC MAGIC

Current Price: $0.2490 (Mark Price: 0.2492), reflecting a +24.38% increase.

24h Range: High of 0.2980, Low of 0.1983.

24h Volume: 4.14B MAGIC, 1.03B USDT.

Technical Indicators:

BOLL (20, 2): UP: 0.2849, MB: 0.2595, DN: 0.2342, suggesting the price is near the upper Bollinger Band.

RSI (6): 38.3302, indicating the asset is nearing oversold territory.

MA(5): 163,399,577.4, MA(10): 139,225,342.5, showing a short-term upward trend.

Volume: 15,758,042.9, with recent spikes indicating increased activity.

Chart Patterns: The price has recently broken above a resistance level around 0.2491, with a bullish candlestick pattern. The moving averages (yellow and purple lines) suggest an upward trend, though the RSI hints at potential overbought conditions if the trend continues.

Observation: The asset appears to be in a short-term uptrend with strong momentum, but the RSI suggests caution as it approaches oversold levels, which could indicate a potential reversal or consolidation. #MarketRebound