MAGIC/USDT Skyrockets +80% — Breakout Rally May Not Be Over
$MAGIC has exploded today, currently trading at $0.1949 with a massive +80.97% daily gain. The 15-minute chart shows a textbook breakout move, with price launching from a base near $0.1279 and hitting a high of $0.2177 — all backed by surging volume and strong momentum.
The price action is riding above the 7-period and 25-period moving averages ($0.1983 and $0.1605), showing short-term strength despite a minor pullback from the local high. This cooling off appears healthy and could offer another opportunity for entry if the uptrend continues.
Volume remains elevated, confirming sustained interest and buying pressure. While MAGIC is currently experiencing some resistance near the $0.20 zone, any consolidation here — especially above the $0.18–$0.19 range — would signal strength and the potential for another leg up.
With strong technicals, momentum on its side, and eyes on the recent high, MAGIC looks like it's entering a new phase. Caution is warranted after such a parabolic move, but this could be one of those setups where “the trend is your friend.”
Short-term traders might look to enter on dips, while momentum chasers will be watching for a clean break above $0.2177.
DOGE/USDT Shows Promising Entry Point on 15-Min Chart
Dogecoin ($DOGE ) is currently trading at $0.15413, reflecting a -1.40% change over the last 24 hours. Despite the slight dip, the recent price action and volume activity suggest a potentially solid entry point for short-term traders.
Looking at the 15-minute chart, DOGE bounced from a local low of $0.15247 and has since shown signs of recovery, forming higher lows and pushing above the 7-period and 25-period moving averages ($0.15351 and $0.15391 respectively). This crossover signals a potential bullish momentum building up.
Volume also supports the move, with a noticeable spike accompanying the recent green candles—often a sign of strength behind the price movement. While the price remains under the 99-period MA ($0.15662), the narrowing gap hints at an upcoming test of resistance, which, if broken, could lead to a stronger rally.
For traders eyeing quick scalps or short-term momentum plays, DOGE at current levels presents a favorable risk/reward setup—especially with support clearly defined and upside potential toward the 24h high of $0.15959.
As always, proper risk management is essential, but the chart structure here points toward a promising short-term opportunity. #DOGE