Here's a technical summary for $MAGIC /USDT based on the data you shared:
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๐ Current Price: 0.1670 USDT
Change (24h): -4.73%
PKR Equivalent: ~Rs. 47.23
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๐ฐ๏ธ Timeframe: 15mโ1D
24h High: 0.2069
24h Low: 0.1624
Volume (24h):
$MAGIC : 204.57M
USDT: 38.16M
Latest Volume: 1,244,475.5 (declining against MA levels)
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๐ Technical Indicators
MA (Moving Averages)
MA(5): 2.17M
MA(7): 0.1676 (price slightly below this โ short-term weakness)
MA(25): 0.1790 (price below โ bearish medium trend)
MA(99): 0.1582 (price above โ long-term still holding)
MACD: Likely bearish crossover (price action and MAs indicate weakening momentum)
Bollinger Bands: Squeezing toward the lower band โ volatility drop, possible bounce zone
Support Levels:
0.1624 (recent low)
0.1530
0.1420
Resistance Levels:
0.1816
0.1959
0.2069
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โณ Trend Overview
Period Change Sentiment
Today -5.44% Bearish
7 Days -1.07% Slightly Bearish
30 Days -31.19% Strong Downtrend
90 Days -51.82% Severe Drop
180 Days +4.97% Mild Recovery
1 Year +31.50% Bullish Overall
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๐ Conclusion
Short-term: Weak, oversold โ minor support nearby (watch for bounce or breakdown).
Medium-term: Bearish structure unless price reclaims above 0.18โ0.19.
Long-term: Still in green for the year, but currently in correction.
