$MAGMA is living up to its name — the market just erupted. Price has dropped hard to $0.12875, down 11.38%, after a violent rejection from the $0.153 zone that flipped momentum in minutes.
That single daily candle tells the story: a sharp sell-off straight through intraday support, with price briefly flushing toward $0.105 before buyers stepped in to slow the fall. Volume spiked aggressively, confirming panic-driven exits and liquidations rather than controlled selling.
Despite the heat, the project still carries size. $24.46M market cap, $1.18M on-chain liquidity, FDV $128.75M, and 3,721 on-chain holders keep MAGMA firmly on traders’ radar. But technically, bears are in charge for now, and the trend needs time to cool.
The $0.12–0.13 area is the make-or-break zone. Hold it, and a sharp relief bounce back toward $0.14–0.15 could spark fast. Lose it, and downside opens toward $0.11–0.105, where fear first exploded.$
This is raw volatility — long wicks, heavy volume, emotions stretched tight. MAGMA isn’t drifting; it’s shaking out the weak hands and setting up its next decisive move.$MAGMA
