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$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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