$MAGIC Conjures a Breakout Attempt! ✨
On the 4h timeframe, $MAGIC currently at $0.2378, up by a strong +20%! The 24h high is $0.2474, with a significant volume of 110M MAGIC and 23M USDT. The RSI is elevated at 63, indicating strong buying pressure.
✅ Key Observation:
#MAGIC is currently testing a new breakout level above the previous local high of $0.2300, suggesting potential for further gains.
next Next Potential targets:
🎯 $0.2474 (24h high - immediate, strong resistance)
🎯 $0.2605 (potential next resistance level)
🎯 $0.3036 (previous high - significant resistance if breakout sustains)
🛡️Important Support Level (to watch for potential pullback):
🛡️ $0.2100 (potential near-term support zone)
📈 **Potential Price Path in the Next Hours/Days:**
#MAGIC/USDT is making a bold attempt to break out above the $0.2300 resistance. Sustained trading above this level with strong volume would likely confirm the new breakout, potentially leading to a rapid move towards the $0.2474 (24h high) and then the $0.2605 mark. A strong continuation could even target the previous high around $0.3036. However, if the breakout fails to hold, we might see a retracement to test the $0.2100 support level. Monitor volume closely for confirmation of the breakout's validity.
Trade $MAGIC