/USDT Technical AnalysisAs MAGIC continues its upward momentum, we observe critical levels that traders should watch closely. Here’s a breakdown of our technical analysis and three key price targets:Current Price: $0.4625
Recent Performance: +26.47% over the last 24 hoursKey Support and Resistance Levels:1. Target 1: $0.4800 🎯
This level has proven to be a strong resistance point. A breakout above this price could lead to further bullish momentum and attract more buyers.
2. Target 2: $0.5000 🎯
If the momentum continues, this psychological barrier is likely to be the next focal point. Traders should look for consolidation around this level before making further moves.
3. Target 3: $0.5300 🎯
Should the buying pressure sustain, this target may serve as the next major resistance level. Observing volume and market sentiment will be crucial as we approach this area.Key Indicators to Watch:Volume: A significant increase in trading volume may confirm breakouts at these levels.RSI (Relative Strength Index): Currently hovering around the upper range, indicating the potential for a pullback if it exceeds overbought conditions.
Conclusion:
MAGIC/USDT shows promising signs of bullish activity. Monitoring these target levels will be essential for traders looking to capitalize on potential movements. Stay updated with market trends and trade wisely!
