MAGIC is making waves in the crypto market! According to the latest Binance screenshots, MAGIC/USDT is trading around $0.1247, up 92.74% in 24 hours.

The token has rallied from a 24-hour low of $0.0647 to a high of $0.1263. With strong price momentum and elevated trading activity, traders are watching closely to see whether this rally can continue.

📊 1H Chart Analysis: Strong Bullish Momentum

The 1-hour chart shows MAGIC trading above all three moving averages:

  • MA(7): $0.1071

  • MA(25): $0.0815

  • MA(99): $0.0691

This alignment indicates strong short-term momentum. However, the price is approaching the recent high of $0.1263, where selling pressure could emerge.

A sustained breakout above this level may support further upside, while rejection could lead to consolidation or a pullback.

📈 1D Chart Analysis: Bulls Still Ahead

The daily chart also shows price above its key moving averages:

  • MA(7): $0.0727

  • MA(25): $0.0562

  • MA(99): $0.0464

This structure supports the bullish picture, but a rapid price increase can also attract profit-taking. Traders should look for confirmation rather than assume the rally will continue indefinitely.

🎯 Key Levels to Watch

Resistance

  • $0.1263 — recent 24-hour high

  • A sustained break above $0.1263 could open the door to further price discovery.

Potential support

  • $0.1071 — 1H MA(7)

  • $0.0815 — 1H MA(25)

  • $0.0727 — 1D MA(7)

These are reference levels based on the supplied screenshots, not guaranteed support or reversal points.

🔍 What Happens Next?

🟢 Bullish scenario: MAGIC breaks above $0.1263 and holds the level with continued buying activity.

🟡 Consolidation scenario: Price moves sideways near the recent high as the market absorbs the rally.

🔴 Pullback scenario: Buyers fail to maintain momentum, and profit-taking pushes price toward lower support areas.

🧠 Final Thoughts

MAGIC's 1H and 1D charts show strong bullish momentum in the supplied screenshots. However, after a gain of more than 90% in 24 hours, chasing the rally carries significant risk.

The key level to watch is $0.1263. A confirmed breakout or a rejection at resistance may provide a clearer indication of the next move.

What do you think? Can MAGIC break above $0.1263, or will traders take profits first? Share your view in the comments. 👇

Disclaimer: This post is for educational and informational purposes only, not financial advice. Cryptocurrency trading involves substantial risk. Prices and indicators are based on the supplied Binance screenshots and may have changed. Verify live market data and conduct your own research before making trading decisions.

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