$MAGIC /USDT Analysis: Bullish Consolidation with Breakout Potential

Current Price: $0.5302

$MAGIC has surged 17.95% in the last 24 hours, rebounding from $0.4458 and consolidating near $0.5300, signaling strong bullish momentum.

Key Levels to Watch

Support Zones:

$0.5263: Immediate support to sustain the uptrend.

$0.5164: Stronger support level to prevent further downside.

Resistance Levels:

$0.5589: Immediate resistance; a breakout could push prices higher.

$0.5700: Next significant resistance for extended bullish gains.

Trade Ideas

For Bulls:

Entry: Consider entering near $0.5263 for long trades.

Targets: $0.5589 (short-term) and $0.5700 (next target).

Stop Loss: Below $0.5164 to limit risk.

For Bears:

Entry: Consider shorts only if MAGIC fails to hold $0.5263.

Targets: $0.5164 and $0.5000.

Stop Loss: Above $0.5590 for safety.

MAGIC/USDT is consolidating after a strong rally; a breakout above $0.5589 could confirm further bullish movement. Trade cautiously! #Write2Earn! #BitcoinInSwissReserves