$MAGMA clings to a precarious 1.35% gain at $0.13457, a feeble bounce in the wake of a brutal downtrend. The chart paints a devastating picture: a collapse from a high above $0.20862 to a recent low of $0.09923. Price now sits deep below the formidable supertrend resistance at $0.16236, a stark reminder of overhead selling pressure. With a market cap of $25.57 million and a fully diluted valuation towering at $134.57 million, the path to recovery is steep. Thin on-chain liquidity of $1.33 million suggests fragility. This minor uptick is a classic dead cat bounce within a confirmed bear structure. Any rally will be met with heavy supply from trapped sellers above. The downtrend remains firmly intact.

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