Hello, dear friends!
Today I’m taking a look at $MAGIC , the Treasure ecosystem token. On Binance charts, the price surged to $0.16369 before reversing sharply. At the time of my analysis, MAGICUSDT was trading around $0.107, up about 40% over 24 hours.
Treasure began as an ecosystem for blockchain games and digital collectibles. The project is now changing direction, focusing on interactive digital objects, intellectual property, and products related to artificial intelligence.
MAGIC remains the ecosystem’s native token. However, the new direction has yet to prove that demand for the token will grow. To assess this, it’s important to understand how the new products use MAGIC and what role it plays in their economies.
The official Treasure website lists Base. The announcement of the MAGIC listing on BingX names Arbitrum as the supported network. These details relate to different aspects of the infrastructure, so I wouldn’t draw conclusions about the architecture of the entire ecosystem based on them.
In September 2026, Treasure announced the launch of Kong Book on the Loxley platform. The tool allows users to set conditions for unlocking and selling team tokens. This is part of the ecosystem’s development, but a direct link between the use of Kong Book and demand for MAGIC is not yet clear.
Another event is the MAGIC/USDT listing on BingX, scheduled for October 10, 2026. The new platform expands access to the token, but does not, by itself, explain the sharp price rise. I found no confirmed news that would unequivocally explain the move to $0.16369.
On the daily MAGICUSDT chart, after reaching $0.16369, the price pulled back to $0.107. AVL is at $0.13590, Supertrend at $0.07812, and SAR at $0.06060. The price remains below AVL but above the other two indicators.
On the four-hour chart, the price is around $0.1071. AVL is at $0.10757, Supertrend at $0.10303, and SAR at $0.09442. The buyers’ nearest task is to establish a foothold above $0.1076. The next recovery target is $0.1190. Above that is the $0.1350–$0.1370 area.
The 15-minute chart clearly shows the scale of the decline: the price fell from $0.16369 to $0.09727, then partially recovered. AVL is at $0.10700, while Supertrend and SAR are above the current price, at $0.13743 and $0.14840, respectively.
I’m also paying close attention to open interest. During the move, its readings fell sharply: the bars declined from about 220.7 million to 145 million, while the second line fell from 36.3 million to 15 million. This indicates a substantial reduction in open positions or their combined volume in the displayed metrics. But a single chart cannot show the extent to which liquidations, long closures, or short closures contributed.
The aggressive buying and selling charts also show spikes in volume. At the time of analysis, funding was displayed at −0.05743%. These figures indicate high activity and changes in the derivatives market, but on their own they do not determine the direction of the next move.
I’m currently watching two scenarios. If the price holds $0.09727 and establishes itself above $0.1076, the next targets will be $0.1190 and $0.1350–$0.1370. If the $0.09727 low is breached, attention will shift to $0.0944, followed by the $0.0780 area.
Overall, $MAGIC remains in a phase of heightened volatility. The sharp rise gave way to a deep pullback, while open interest declined noticeably. For my further assessment, I’m watching whether the local low holds and whether the price can return above $0.1076.