**$MAGIC /USDT MARKET UPDATE – BEARS EYEING LOWER LEVELS**
- **Current Price**: $0.0830
- **24h Drop**: -16.16%
- **24h High / Low**: $0.1069 / $0.0810
- **Trend**: Strongly Bearish
- **Timeframe**: 8h
### What’s the Situation?
$MAGIC /USDT is in a strong downtrend with no signs of recovery. After reaching $0.1509, the price has been steadily falling, breaking through support levels. The latest low is $0.0810, showing heavy selling pressure with lower highs and lows.
Volume is favoring the sellers, and buyers aren’t stepping in. If $0.0810 support breaks again, the price could drop further toward $0.0770 or lower.
### Key Observations:
- Bearish momentum continues
- No signs of reversal on the 8h chart
- $0.0920 is acting as resistance
- Next support around $0.0750–$0.0770
### Outlook:
Bears are firmly in control. Any bounce is likely short-lived unless the price breaks back above $0.0920 with strong volume. Traders should stay cautious and avoid long entries until a confirmed reversal appears.
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