🚀 $MAGIC /USDT Price Action: Is a New High on the Horizon? 🚀

$MAGIC /USDT has gained 10.09% in the past 24 hours, now trading at $0.5980 after reaching a 24H high of $0.6349. With strong momentum and trading volume, $MAGIC is making waves in the market. Let’s dive into the analysis and potential targets for this breakout.

Current Market Data

24H High: $0.6349

24H Low: $0.5426

Volume (MAGIC): 44.98M

Volume (USDT): 26.58M

Key Levels and Price Targets

1. Immediate Resistance: $0.6349

MAGIC is currently consolidating near its recent high. A break above this level could confirm further upside potential.

2. Target 1: $0.6600

The next psychological level for MAGIC. If momentum continues, $0.6600 is a realistic short-term target.

3. Target 2: $0.7000

Sustained buying pressure could push MAGIC to $0.7000, a key resistance level with potential for significant profit-taking.

4. Target 3: $0.7500

If MAGIC maintains its bullish trend and volume increases, a breakout toward $0.7500 could be in play, marking a major milestone for traders.

Support Levels

Immediate Support: $0.5800

Key Support: $0.5500

These levels may provide strong support during any pullbacks, offering reentry points or consolidation opportunities.

Market Sentiment

Momentum Indicators: RSI and MACD show bullish strength, though traders should monitor for overbought conditions.

Volume Spike: Significant volume suggests strong interest and confidence in MAGIC’s rally.

💡 Pro Tip: Set stop-loss orders to secure profits as MAGIC approaches each target. Watch for breakout confirmations above $0.6349 before entering new trades.

Will MAGIC hit $0.7000 and beyond? Stay tuned as this bullish wave unfolds!

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