As of the morning of April 29, 2025, the price of MAGIC is trading around $0.2089, slightly down 0.013% in the past 24 hours.
Technical signals:
Resistance: $0.215 – $0.220
Support: $0.205 – $0.208
RSI: Near the 50 zone, indicating that the market is in a balanced state, further monitoring is needed to determine the next trend.
Future trading strategy:
Long scenario: Open a Long position when the price corrects to the support zone of $0.205 – $0.208, with a profit-taking target at $0.215 – $0.220.
Short scenario: If the price does not exceed the resistance of $0.220 and there is a reversal signal, a Short position can be opened with a target at the support zone of $0.205.
2. Long-term investment strategy
MAGIC is the main token of Treasure DAO – an NFT & GameFi platform building a Metaverse ecosystem on Arbitrum. MAGIC is used for trading assets, staking, and governing the Treasure ecosystem.
Long-term strategy
Accumulate: Gradually buy MAGIC at strong support price levels, especially if there is a correction below $0.200.
Hold: Keep MAGIC in a long-term investment portfolio, with a vision of 2-3 years, aiming for price milestones of $0.50 – $1.00.
3. Notable news in the past 24 hours
Integration of AI in the game: MAGIC has integrated special AI agents that can play games, attracting the attention of the community and contributing to the recent price surge.
In summary:
MAGIC is showing positive signals in the short term, but further monitoring is needed to determine a clear trend.
For long-term investors, this could be an opportunity to accumulate MAGIC with expectations of future growth.