🚨ANALYSIS for $MAGIC /USDT 🔥💯

📌Trend: Currently showing bullish momentum in the short term. The price has increased by +10.67%, supported by significant trading volume, which indicates strong buying interest.

📌Support Level: $0.5891 (this is a crucial zone for potential rebounds)

📌Resistance Level: $0.6372 (this could be a breakout point)

📌Indicators:

- RSI (Relative Strength Index): Trending upwards but getting close to overbought territory (~70).

- Moving Averages: The price is above both the 50- and 200-period moving averages, suggesting a strong upward trend.

Trade Signal:

- Entry Point: Look for entry around $0.6150 - $0.6200 during consolidation or a pullback.

- Stop Loss: Set below $0.5890 to manage your risk.

🎯 Targets:

1. Target 1: $0.6400 (this is a short-term resistance level)

2. Target 2: $0.6700 (a key profit level if momentum continues)

3. Target 3: $0.7000 (this is a psychological level and a potential extended breakout point)

Momentum: The market sentiment is positive, fueled by strong volume and a bullish narrative in the gaming sector.

Note: Always keep an eye on market conditions and trade carefully! 📈💰