Technical Analysis on $MAGIC

/USDT: A Strong Bullish Momentum

MAGIC/USDT has shown a solid bullish performance in the last 24 hours, up by +26.87%. Let's dive into the key price levels and identify potential target points for traders to watch.

Current Price: $0.5430

Key Levels:

Support Level: $0.5000 – This level provides solid support if the price pulls back, offering an entry point for buyers.

Resistance Level 1: $0.5589 – The 24h high could act as the first hurdle for bulls looking to push higher.

Target Level 2: $0.6000 – A psychological barrier that may be the next key target for bulls if momentum continues to build.

Short-Term Outlook: With solid trading volume and consistent bullish action, MAGIC/USDT could continue climbing towards these targets. Watch for a strong break above $0.5589 to confirm the next leg up.

Keep an eye on these levels to gauge the potential for further gains!

This post gives a clear technical analysis and sets actionable targets for traders.