📈 Analysis and forecast for $MAGIC on Binance: further prospects? 📉
As of 12:01 EEST, June 21, 2025, the price of $MAGIC (Magic) on Binance is $0.1641, showing an increase of 8.89% in the last 24 hours. The increase in trading volume and positive dynamics reflect growing investor interest, which may be linked to the development of the Magic ecosystem focused on gaming and NFTs on Polygon.
Technically, $MAGIC it looks promising. On the 4-hour chart, the 50-day SMA has crossed the 200-day from below, signaling bullish momentum. The RSI (14) at 65 is in the neutral zone, close to overbought, while the MACD shows strong positive dynamics. Key resistance is at $0.17, a breakout of which could lead to $0.19. Support is located at $0.15, with further support at $0.14. Holding above $0.1641 supports the bullish scenario, but there is a risk of correction.
Forecast: In the coming days, MAGIC may test $0.17–$0.18, with a chance to rise to $0.20 by the end of June 2025 with volume support. A rise to $0.22–$0.25 is possible by July if interest remains. The long-term outlook for 2026 is $0.35+, assuming growth in gaming and new partnerships. Risks include volatility after growth and potential decline in demand. Posts on X reflect optimism, with mentions of potential above $0.20, but this is speculative.
Further prospects? A rise of 8.89% and a price of $0.1641 are close to resistance at $0.17. Buying at $0.15 with a target of $0.19 and a stop-loss at $0.14 may be justified, but signs of overbought should be considered. MAGIC stands out due to support from Binance and a focus on the gaming industry. Keep an eye on news about new releases!
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