#MAGIC/USDT : What happen next????
📊 Intraday Snapshot
Current Price: ~$0.2095
24 h Price Range: $0.1180 – $0.2181
Volume: ~$530M–$580M across exchanges
🔍 Technical Analysis
1. TradingView Summary
Overall Rating: Buy on short-term indicators
One-Week Trend: Neutral
One-Month Trend: Sell
2. Investing.com Indicators
Strong buy signals across most timeframes (5 min to daily); neutral weekly to monthly
On-daily: 12 buy vs 0 sell signals on moving averages; 8 buy vs 0 sell on other indicators
RSI at 84 (overbought), MACD positive, ADX strong – indicating bullish but potentially overheated short-term
3. Support & Resistance Levels
Support zones: $0.15–0.16 (former resistance turned support)
Immediate resistance: $0.22–0.23 (yesterday’s high ~$0.218)
If the rally continues, next targets are $0.30+, though a pullback is likely first
📉 Price Forecasts
From models like CoinCodex and CoinLore:
CoinCodex suggests a potential 25% drop to $0.13–$0.14 by early August
CoinLore sees a drop to ~$0.16 in 10 days, then down to ~$0.13 by July 21
Longer-term predictions vary widely—from mid-$0.20s to as high as $2–$3 depending on bullish models .
📈 Recent Movement & Key Drivers
Massive rally: +75–85% in 24 h, fueled by breakout from down‑channel and high trading activity
Volume surge: Over half a billion USD worth of MAGIC traded—indicating significant speculator interest
Overbought signals: RSI and short‑term peaks
🔮 Outlook & Strategy
📌 Short-Term (Next 1–2 weeks)
Likely to pull back toward $0.16–$0.17 (50–200 SMA cluster)
A bounce in this zone could reset momentum for a move toward $0.22–$0.23
📌 Medium-Term (1–3 months)
If support holds, next range: $0.20–$0.30
If $0.16 breaks decisively, deeper retracement to $0.12–$0.14
📌 Longer-Term (6+ months)
Bullish models predict $0.25 to $0.40+, others are more modest
Much will depend on broader crypto market sentiment and on-chain development
