$MAGIC /USDT PERP $0.2742 (~ –5.45%)

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News & Fundamentals

Recent GameFi revival has fueled demand for MAGIC, resulting in a 65% weekly rally and a breakout from a descending wedge pattern. Supportive technicals include a bullish MACD crossover and Supertrend buy signal.

The token also captured attention with a staggering 7,522% one-month surge, driven by ecosystem expansion, on-chain activity, and heightened investor interest.

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Technicals (M15 | H1 | H4)

Intraday / Short-term frames: Buying pressure appears to be waning—TradingView shows a reversal setup, and Binance notes strong selling in the 50–61.8% Fibonacci zone.

Volume structure: Though elevated due to hype, volume has cooled, raising the risk of pullback or consolidation.

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Smart Money / Whale Activity – Manipulation Check

No concrete data on whale movements or coordinated accumulation is available. The momentum appears primarily driven by retail frenzy and hype, increasing manipulation risk to Moderate.

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Sentiment

Speculative–Cautiously Bullish

Strong technical breakout and hype momentum suggest short-term upside, but sustainability is uncertain without confirmed fundamentals or whale backing.

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Trade Ideas

• Long bias

 Entry: $0.270–$0.275

 SL: $0.260

 TP1: $0.300 … TP2: $0.320

• Momentum long

 Entry: > $0.300 (breakout)

 SL: $0.290

 TP: $0.350+

• Short bias

 Entry: $0.290–$0.300 (rejection zone)

 SL: $0.305

 TP1: $0.270 … TP2: $0.260

Let me know if you’d like added layers like order blocks or liquidity zone overlays!