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$EIGEN $MAGIC $PROM Technical Analysis Update: EIGEN, MAGIC, PROM 🎯
1️⃣ EIGEN (EIGEN) – $3.07 (-8.94%)
Current Trend: EIGEN is experiencing a significant pullback, trading below key support at $3.10.
Analysis: The next major support lies around $2.85, where buyers might step in. Resistance is seen at $3.30.
Targets:
Short-term: $3.20 (recovery target).
Mid-term: $2.85 (support level).
Long-term: $3.50 (resistance zone).
2️⃣ MAGIC (MAGIC) – $0.443 (-8.77%)
Current Trend: MAGIC is consolidating near a critical level. A break below $0.440 could see further bearish momentum.
Analysis: Key support is at $0.42, with upside potential if $0.45 is reclaimed.
Targets:
Short-term: $0.455 (minor resistance).
Mid-term: $0.42 (support level).
Long-term: $0.50 (potential breakout level).
3️⃣ PROM (PROM) – $6.68 (-8.72%)
Current Trend: PROM is declining steadily, testing its 50-day moving average. A bounce could occur near $6.50.
Analysis: Watch for a reversal near $6.40, with resistance near $7.00.
Targets:
Short-term: $6.80 (minor recovery).
Mid-term: $6.40 (support zone).
Long-term: $7.20 (key resistance).
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