MAGIC (MAGIC/USDT) Technical Overview – August Update

MAGIC is currently trading at $0.1763, showing a strong +23.72% daily gain. In the past 24 hours, it touched a high of $0.1945 and a low of $0.1385, with trading volumes of 164.49M MAGIC and $28.43M USDT.

On the 1-day chart, MAGIC has broken past its short-term resistance and is showing a bullish candle. The next resistance lies near $0.20, while immediate support is at $0.160. If momentum continues, MAGIC could test the $0.22–$0.24 zone in the coming days.

Looking at performance:

7 days: +12.72%

30 days: +37.73%

90 days: -3.19%

180 days: -34.27%

1 year: -49.13%

This surge may attract short-term traders, but long-term investors should remain cautious due to its overall downtrend. Watch for volume confirmation and set a stop-loss to protect against volatility.