๐ฎ $MAGIC โ 1 Hour Price Prediction (Short-Term Outlook)
Based on the current price action, volume behavior, and market structure visible in your screenshot.
๐ Current Situation
Price: 0.1204
๐ฅ$MAGIC Trend: Small recovery after a strong dump from the 0.15 wick
1. Volume: Falling after the spike โ signals cooling momentum
2. Structure: Price forming a short-term higher low, but momentum is weak
3. Orderbook: Buyers slightly stronger (60.87% bid strength)
๐ 1-Hour Prediction (Most Likely Scenarios)
โ Bullish Scenario (40% probability)
If buyers hold above 0.1185 support, price may attempt a small push upward:
1. Target Zone (next 1 hour)
2. 0.1220 โ 0.1240
โ๏ธ This move requires a small volume surge. Indicators show weak but present buyer interest.
Bearish Scenario (45% probability โ slightly more likely)
1. If price loses momentum and buyers fade (volume dropping):
2.Downside Targets (next 1 hour):
3. 0.1185 support
4. If broken โ 0.1160 retest
โด๏ธ The $MAGIC chart shows the big spike was likely liquidity sweep and the trend is stabilizing, not trending up strongly.
Sideways Scenario (15% probability)
1.Most realistic if volume stays low:
2. Price may range between 0.1190 โ 0.1215 for the next hour.
๐ Key Levels to Watch
1. Support: 0.1185 โ 0.1160
2. Resistance: 0.1235 โ 0.1250
3. Major resistance: 0.1300
๐งญ Summary (Easy to Understand)
1. Trend is neutral with slight bearish pressure after a spike.
2. If buyers come in: 0.124 possible
3. If sellers dominate: 0.116 retest likely
4. Most likely: sideways to mild pullback
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