$MAGMA Current Price is 0.23494 USDT which is around Rs 65.20
24 hour change is down 41.93 percent
It is number 1 top loser on futures list right now

What is happening
The price dumped hard today. 24 hour high was 0.42371 and 24 hour low was 0.22489
On the 1 minute chart we can see continuous red candles and price is falling
Right now price made a small green candle and trying to recover from 0.23171 low
Price is below MA7 at 0.23564, MA25 at 0.23841 and MA99 at 0.24207
So short term trend is bearish

Volume
24 hour volume is 291.52 million MAGMA and 86.95 million USDT
Volume spiked during the big drop which shows strong selling

Important points to remember
This is a futures coin so risk is very high
Price is far below all moving averages
If price breaks below 0.23171 then next support can be lower
If price goes above 0.23564 which is MA7 then it can try to go to 0.238

Summary
MAGMAUSDT is showing strong bearish momentum today with high volume
Price is in downtrend and taking a small pullback right now
#CryptoLosers #MAGMAUSTD #LoserAndGainer