$MAGIC /USDT Daily Analysis
MAGIC is currently trading around $0.0802, showing a strong recovery move after bouncing from the $0.060–$0.065 demand zone.
The recent daily candle shows bullish momentum with higher range and solid follow-through.
📊 Technical Structure
Strong rejection wick from the bottom near $0.060
Price has reclaimed MA(7) at $0.0719
Trading above MA(25) at $0.0745
Still below MA(99) at $0.0961 → major resistance
Short-term structure is shifting bullish, but the higher timeframe trend remains bearish until $0.096+ is reclaimed.
🔑 Key Levels
Support Zones:
$0.075
$0.070
$0.060 (major base support)
Resistance Zones:
$0.0845 (recent high)
$0.090
$0.096 (MA99 major resistance)
📈 Possible Scenarios
Bullish Continuation:
If MAGIC breaks and closes above $0.0845, next targets could be $0.090–$0.096.
Rejection Scenario:
Failure near $0.084–$0.090 may cause pullback toward $0.070–$0.075.
For a confirmed trend reversal, price must reclaim and hold above $0.096.
📌 Overall Bias
Short-term: Bullish rebound
Medium-term: Bearish below $0.096
Momentum improving, but confirmation needed at resistance.
Not financial advice.
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