📌 Market Overview
Current price: $0.1981
24h volatility: +1.39%
Daily high: $0.2023
Daily low: $0.1874
7-day volatility: -3.49%
30-day volatility: +154.6%
All-time high (ATH): $2.3298 (16/2/2023)
All-time low (ATL): $0.0641 (7/4/2025)
MAGIC has seen a strong recovery over the past month, increasing over 150% from the April low. This upward trend is supported by growing interest in the GameFi ecosystem and related projects.
📈 Technical Analysis
Nearest resistance: $0.22
Strong support: $0.17
RSI (4H): Near 70 – overbought region
MACD: Heading towards a bullish crossover
50-day SMA: Expected to reach $0.3149 by 9/6/2025
200-day SMA: Expected to reach $0.2948 by 9/6/2025
The 4-hour chart shows that MAGIC is in a strong upward trend, with technical indicators supporting this upward momentum. However, the high RSI indicates caution is needed due to potential short-term corrections.
📊 Trading Strategy
Scenario 1 – Open Long Position
Reason for entry: Price broke above the resistance level of $0.20 with strong trading volume, confirming the upward trend.
Entry zone: $0.19 – $0.20
Stop-loss (SL): $0.17 (Below nearest support)
Take-profit 1 (TP1): $0.22
Take-profit 2 (TP2): $0.25
Probability of success: 70% (Based on technical signals and strong inflow)
Scenario 2 – Open Short Position
Reason for entry: Price failed to maintain above $0.22 and shows signs of a bearish reversal.
Entry zone: $0.22 – $0.23
Stop-loss (SL): $0.24 (Above nearest resistance)
Take-profit 1 (TP1): $0.20
Take-profit 2 (TP2): $0.18
Probability of success: 60% (Based on potential correction after strong upward momentum)
Note: The market is in an exuberant state; tight risk management is required, and close monitoring of technical signals is essential.
📰 Featured News
Q1/2025 report from Treasure (MAGIC): Recent reports show positive developments in the ecosystem, with expansions in GameFi projects and new partnerships.
2025 price forecast: Experts predict MAGIC could reach $0.35 by the end of 2025, with strong growth potential if the ecosystem continues to expand.
🔗 Trade MAGIC