magictry

Despite the bounce from the recent dip zone on #MAGIC , it appears that there isn't enough buying support to maintain a strong hold above the descending trend line. Therefore, the price is approaching what could be considered a cheap zone again.

From a technical standpoint, the critical factor is to maintain stability above the channel, particularly by getting a reaction from the green support area. Losing this zone could open up the risk of a pullback towards the 1.91 level.

On upward movements, the 6.16 level, which coincides with the mid-term trend line and resistance area, is being watched as the first significant technical threshold. #altcoins #crypto #CryptoMarkets #magictry