$MAGIC

USDT – Strong Bounce, but Supply News Could Limit Upside ✨📈

Current Price: $0.2823 (+11.45%)

24h Range: $0.2494 – $0.3065

Volume: $49.53M — very active, showing strong buyer interest.

MA60: $0.2810 — price holding just above, confirming short-term bullishness.

News Impact: Circulating supply increased from 211M to 337M — this can add selling pressure after the current pump.

Trade Setup

Entry Zone: $0.2780 – $0.2830 (buy on dips if momentum holds)

Stop Loss: Below $0.2700

Targets:

TP1: $0.2900

TP2: $0.3000

TP3: $0.3060 (recent high)

Market Insight:

MACD is bullish, RSI in mid-to-high range — room for more upside but be wary of sudden pullbacks due to dilution news.

A break above $0.3065 with high volume could extend toward $0.3200, but without strong buying support, gains may fade quickly.

Pro Tip: If volume weakens near $0.30, consider partial profit-taking — supply increase events often cause a delayed sell-off after the initial rally.

#Write2Earn #Signal #Market_Update #coinanalysis #MAGIC/USDT