MAGIC is trading at $0.2739, down 2.67%, with RSI hovering near 50 and volume cooling off. The 4H chart shows a retracement from recent highs, but the broader move from $0.1380 to $0.3168 suggests bulls may still be in play.
๐ Key Market Data
- Current Price: $0.2739
- 24h High / Low: $0.2970 / $0.2693
- 24h Volume: MAGIC โ 99.77M | USDT โ 28.29M
- Volume (4H): 10.08M vs MA(10): 25.08M โ Declining
- RSI(6): 49.91 โ Neutral zone
- MA(5): 16.06M vs MA(10): 25.08M โ Bearish crossover
- Chart Range: $0.1380 (support) to $0.3168 (resistance)
๐ Technical Snapshot
- Trend: Pullback
- Support Zone: $0.269โ$0.272 โ Critical level
- Resistance Zone: $0.297โ$0.305 โ Short-term ceiling
- Momentum: RSI near 50 = indecision
- MA Crossover: Bearish, volume fading
๐ฎ Scenario Breakdown
Bullish Case: Bounce from $0.269 with RSI >52 could retest $0.290โ$0.305
Bearish Case: Breakdown below $0.269 may lead to $0.250 or $0.230 retest
๐ Sentiment Meter
๐ก Neutral โ Momentum fading, but structure still intact
โ ๏ธ Risk Level
๐ Medium โ Volume drop and MA crossover suggest caution
๐ฌ MAGIC cooling off after a strong run. Will support hold or fade?
๐ Share your setups and bias below ๐
๐ข Tag @TheCryptoMalik for volume fades, support tests, and GameFi breakdowns
MAGIC #BinanceSquare #AltcoinWatch #GameFiToken #TechnicalAnalysis #VolumeFade #TheCryptoMalik
โ ๏ธ Disclaimer: This is for educational purposes only and not financial advice.
