1. Market overview
• Current price: $0.1953
• 24h volatility: +4.12%
• 24h trading volume: $22.2 million
• Market capitalization: $64.68 million
• Circulating supply: 329.77 million MAGIC
MAGIC is experiencing stable recovery after a significant correction. The current price has increased over 4% in the last 24 hours, showing positive signals from the market.
2. Multi-timeframe technical analysis
15-minute frame (15m)
• Trend: Short-term bullish
• Support: $0.190
• Resistance: $0.200
The price is fluctuating within a narrow range, indicating accumulation before a possible breakout.
1-hour frame (1h)
• Trend: Slightly bullish
• Support: $0.185
• Resistance: $0.205
The price has surpassed the 50-hour moving average, indicating that a bullish trend is forming.
4-hour frame (4h)
• Trend: Mid-term bullish
• Support: $0.180
• Resistance: $0.210
The RSI indicator is at 60, indicating that the upward momentum still has room to grow.
Daily frame (D1)
• Trend: Long-term bullish
• Support: $0.170
• Resistance: $0.220
The price is approaching the 200-day moving average, breaching it will confirm a long-term bullish trend.
3. Futures trading strategy
Long option (Buy)
• Entry: $0.190
• Take Profit (TP): $0.210
• Stop Loss (SL): $0.180
• Win probability: 70% if support at $0.190 holds
Short option (Sell)
• Entry: $0.210
• Take Profit (TP): $0.190
• Stop Loss (SL): $0.220
• Win probability: 60% if resistance at $0.210 is not breached
4. Trade MAGICUSDT futures on Binance
Trade now: Trade Magic