August 14, $MAGIC

The last price of one Magic/MAGIC coin is $0.2459. In the last 24 hours, it has dropped by 9%. 47.16% of the days the price of MAGIC closed above the opening price.

Based on 17 technical indicators, 10 buy signals, and 2 sell signals, the technical analysis of the price suggests a bullish sentiment in the short term. The first significant resistance level for the upward trend of MAGIC is at $0.2929. To continue the growth, a close above this level is necessary. The lower support is at $0.2158. Thus, if the price drops below $0.2158, we may see further price decline. If MAGIC closes above $0.2929, it could rise to the next resistance level at $0.3763.

The 14-day Relative Strength Index (RSI) is currently at 66.43, indicating neutral conditions, meaning the market is neither overbought nor oversold. Similarly, the Relative Strength Index (RSI) on the weekly chart is at 34.78, which also indicates neutral market conditions.#MAGIC $PROVE $TREE