š§āāļø #MAGIC/USDT Dips Sharply After Supply Shock!
$MAGIC falls -12.18%, trading at $0.1636, after a spike to $0.2069. The sharp drop follows a governance proposal that immediately raised circulating supply from 311M to 337M.
š Price shows steep rejection from the top with selling pressure building.
š» Weekly trend still positive at +3.68%, but the yearly loss sits at a painful -61.97%.
ā ļø Holding above key support at $0.1620 ā any breakdown here could deepen the decline!