The $MAGIC /USDT pair is showing intense

MAGICUSDT

Perp

0.1003

+1.51%

volatility, marked by a sharp, dramatic sell-off down to 0.0937 followed by a resilient "V-shaped" recovery that has pushed the price back toward 0.0986. Despite the massive red candle signaling a momentary panic, the bulls have stepped in aggressively, sparking a +6.59% daily gain and building a series of higher lows on the 15-minute chart. With 24-hour volume hitting 48.34M MAGIC, the market is witnessing a high-stakes tug-of-war between liquidations and a fresh breakout attempt; if the momentum sustains above the 0.1000 psychological barrier, we could see a powerful trend reversal, but traders remain on edge as the wick-heavy candles suggest a battle for control is far from over.