Current price: $0.6958 (+2.69% over the last hour)
MAGIC shows strong momentum, with a significant increase of 24.27% over the last 24 hours. As it continues to gain popularity in the gaming sector, it's important to understand its key support and resistance levels for potential trading opportunities.
Key support levels:
$0.6500: A critical level to watch for potential pullbacks. If the price holds above this level, further gains can be expected.
$0.6000: Another strong support level. A break below this level could signal a deeper pullback.
$0.5500: A significant zone that could become the last line of defense for bulls. If the price tests this level, it may present a great buying opportunity for long-term traders.
Target levels 🎯:
Target 1: $0.7000 - Given the recent bullish momentum, we may see MAGIC testing the resistance level of $0.7000.
Target 2: $0.7250 - If the momentum continues, this could become the next psychological resistance level.
Target 3: $0.7500 - A higher resistance level that could provide an excellent exit point for those looking to maximize short-term profits.
Watch the price movement around these levels closely to assess the next potential move in the MAGIC/USDT pair. Stay tuned for more updates!
