$MAGIC /USDT Analysis - Surging High! š
$MAGIC is on a powerful rally, showing impressive momentum with a massive pump in the last hour!
What we're seeing:
A strong bullish breakout after a consolidation phase. The price has rocketed from around $0.1200 to above $0.1500 in a short time, indicating strong buying pressure.
Potential Entry Levels (use caution and DYOR):
ā¢ T1 (Aggressive): Around $0.1450 - $0.1480 ā if a quick retest happens
ā¢ T2 (Moderate): Around $0.1380 - $0.1420 ā in case of deeper consolidation
Key Level (Support / Stop Loss Zone):
ā¢ Critical Support: Below $0.1300
A breakdown below this level may signal reversal or heavy profit-taking. The prior resistance around $0.1250 - $0.1280 could now act as new support.
Bullish Targets:
ā¢ Initial Target: $0.1650 - $0.1700 ā potential resistance near psychological and historical zones
ā¢ Extended Target: $0.1800+ ā only possible if momentum and volume stay strong
Important Considerations:
ā¢ High volatility ā expect fast moves both ways
ā¢ Volume is solid (68.28M in 24h), backing this breakout
ā¢ Always use proper risk management ā only trade with funds you can afford to lose
ā¢ DYOR ā check fundamentals and overall market sentiment before entering any position