$MAGIC has completed a full reversal today
First, yesterday: +84.9% for the day.
Today’s story has three parts.
First, it surged to 0.16369. The 24-hour range was 122.4%—the gap between the high and low was more than double.
Second, it fell back to 0.10304. That’s now -37.1% from the high, with more than half of the gains wiped out.
Third, it held steady around this level, with $85.04 million in trading volume—the highest among the ten coins.
The 24-hour figure of +33.7% looks impressive now, but it’s the result of the price path, not a reflection of the current state. The figure that truly describes the present is -37.1%.
Annualized funding rate: -183.2%. Shorts are still paying, but the rate is milder than ERA’s.
From the 30-day low of 0.04196 to now, the price is up 145.6%. Today’s range is less than a fifth of that gain—the denominator is so large that it masks the coin’s own volatility.
These are just market observations, not investment advice.
#MAGIC #Telegram is expected to launch a Gram wallet
First, yesterday: +84.9% for the day.
Today’s story has three parts.
First, it surged to 0.16369. The 24-hour range was 122.4%—the gap between the high and low was more than double.
Second, it fell back to 0.10304. That’s now -37.1% from the high, with more than half of the gains wiped out.
Third, it held steady around this level, with $85.04 million in trading volume—the highest among the ten coins.
The 24-hour figure of +33.7% looks impressive now, but it’s the result of the price path, not a reflection of the current state. The figure that truly describes the present is -37.1%.
Annualized funding rate: -183.2%. Shorts are still paying, but the rate is milder than ERA’s.
From the 30-day low of 0.04196 to now, the price is up 145.6%. Today’s range is less than a fifth of that gain—the denominator is so large that it masks the coin’s own volatility.
These are just market observations, not investment advice.
#MAGIC #Telegram is expected to launch a Gram wallet