$MAGIC

🚨 MAGIC/USDT Perp Update – Real-Time

Price: ~$0.209–$0.211 🔼 up ~27–29% over 24h

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📉 Technicals, Support–Resistance & Trade Setup

MAGIC recently broke above daily resistance around $0.176–$0.18, confirming a bullish breakout pattern with strong volume. Momentum technicals across intraday frames support continuation.

TradingView shows strong weekly bullish sentiment; daily is neutral to mixed. CoinGecko reports a 29% weekly gain, doubling monthly gains (–47% over 1 year) .

Support/Resistance Zones:

Support: $0.18–$0.19 (breakout level), base at ~$0.17

Resistance: $0.22–$0.23 near prior consolidation top; breakout targets $0.26–$0.30+

Trade Ideas:

Long bias: Entry $0.19–$0.20, SL $0.18, TP1 $0.22, TP2 $0.26–$0.30

Short scenario: Only if rejection forms at resistance zone $0.22–$0.23, entry ~$0.225, SL ~$0.235, TP ~$0.19, deeper to ~$0.17

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🐋 Whale / Smart Money Activity

Recent rally appears driven by bullish sentiment rather than clear institutional flows; however, structure and volume support favorable setup for continuation. No prominent whale data yet available.

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🎯 Sentiment: Neutral–Bullish

Momentum reset after long-term downtrend. Breakout above $0.18–$0.19 supports bullish view; confirmation above $0.22 highly favorable. Caution prudent given past volatility and long-term bearish bias.

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Summary:

MAGIC is forming a strong breakout structure with supportive volume and technical patterns. Holding above the $0.18 base and reclaiming $0.22 with momentum would validate further upside toward $0.26–$0.30. Failure to sustain gains could nullify breakout and retest support zones.

#MAGIC_USDT #TreasureToken #CryptoBreakoutAnalysis