$MAGIC is looking really clean on the 4-hour chart right now! Just broke out of that consolidation pattern and is sitting at $0.2328 - up over 7% in the last 4 hours and a massive 41% for the day.
It's trading well above all the key moving averages (5, 10, and 30 EMA), which shows the bulls are definitely in control short-term. Those Bollinger Bands are starting to widen out too, meaning volatility is picking up as buyers keep piling in.
The volume spike is backing up this breakout, which is always a good sign. Next resistance to watch is around $0.2470 where it hit the daily high, and support is sitting near $0.2000 around that 5 EMA.
If it can hold above $0.2150, we might see it push toward $0.2600. But if it drops below $0.2000, could see a pullback to around $0.1800.