$MAGIC is down 7.5% in four hours, and volume is the weird part.
Only $6.85M traded in 24h, just 0.5x its 20d average. Not clean panic. RSI is still 53, while price sits above the 20d and 50d MAs. 👀
Here’s the trap: longs are still paying 0.005% funding as MAGIC drops 6.31% to $0.0564. $ETH strength or weakness likely decides whether this support holds.
At $0.0564, I’m watching, not chasing. Lose it and the chart gets ugly fast. ⚠️
Does $MAGIC hold $0.0564, or do longs finally unwind? 🧩
#MAGIC #Crypto
Only $6.85M traded in 24h, just 0.5x its 20d average. Not clean panic. RSI is still 53, while price sits above the 20d and 50d MAs. 👀
Here’s the trap: longs are still paying 0.005% funding as MAGIC drops 6.31% to $0.0564. $ETH strength or weakness likely decides whether this support holds.
At $0.0564, I’m watching, not chasing. Lose it and the chart gets ugly fast. ⚠️
Does $MAGIC hold $0.0564, or do longs finally unwind? 🧩
#MAGIC #Crypto