MAGIC – Waiting for a breakthrough after the accumulation phase

#MAGIC #TreasureDAO #GameF i

Current price: $0.1673 (updated at 06:15 AM, 19/05/2025) 

1. Trend analysis & impact information

• Technical: MAGIC is trading in a narrow range from $0.1591 to $0.1755, indicating accumulation before a significant movement. The RSI index remains stable around the 50 level, reflecting a balance between buying and selling pressure.

• Impact information: TreasureDAO has integrated AI agents into the GameFi ecosystem, attracting community attention and potentially driving the price of MAGIC. 

2. Suggested trading strategy

Long scenario:

• Entry: $0.165–$0.170

• Stop-loss: $0.155

• Take-profit: $0.190 – $0.210

• Probability of success: ~60%  

Reason: If MAGIC breaks through the resistance level of $0.175 with increased trading volume, the likelihood of a breakout to $0.210 is high.

Short scenario (if breaking support):

• Entry: $0.155

• Stop-loss: $0.165

• Take-profit: $0.140

• Probability of success: ~35% 

Reason: Should only be considered if MAGIC breaks a strong support level; however, the probability is low as the overall trend remains accumulation.

3. Conclusion

MAGIC is in an accumulation phase with several technical signals and information supporting the next upward trend. The integration of AI into the GameFi ecosystem could be the catalyst for a new breakout. The short-term Long strategy has a higher probability of success; however, risk management must be tight, and key support/resistance levels should be closely monitored.

$MAGIC

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