$MAGIC

/USDT Technical Analysis🔥💯

Trend: Bullish Momentum (Short-Term)

Current price shows a +10.67% gain with significant trading volume, indicating strong buying interest.

Support Level: $0.5891 (key rebound zone)

Resistance Level: $0.6372 (potential breakout level)

Indicators:

RSI (Relative Strength Index): Trending upwards but nearing overbought levels (~70).

Moving Averages: Price is above the 50- and 200-period moving averages, signaling upward momentum.

Trade Signal

Entry Point: Around $0.6150 - $0.6200 on consolidation or pullback.

Stop Loss: Below $0.5890 to manage risk.

🎯 Targets:

1. Target 1: $0.6400 (short-term resistance level)

2. Target 2: $0.6700 (key profit level on further momentum)

3. Target 3: $0.7000 (psychological and extended breakout level)

Momentum: Positive, driven by strong volume and a bullish gaming sector narrative.

Note: Always monitor market conditions and trade with caution.

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