MAGIC has stunned the market with a massive rally, gaining over 300% in just three days, rising from approximately $0.06 to over $0.24. This explosive move comes after weeks of consolidation near its lows, and the breakout has reignited interest in the project. Technically speaking, the rally has now brought the price into a key resistance zone, but Fibonacci retracement levels suggest there may be more room to run.
Looking at the chart, if the bullish momentum continues, the next major targets lie at $0.38, $0.47, and eventually $0.73, which aligns with the 0.382, 0.236, and 0 Fibonacci levels respectively. With renewed interest and growing volume, MAGIC may be preparing for a more extended move. However, traders should watch for potential pullbacks or consolidation phases before any further breakout attempts. $MAGIC
