$MAGMA just ignited.
Price is trading at $0.10368, up +9.83% on the day, bouncing sharply after printing a local low near $0.0889. Market cap sits at $19.7M with 18,077 on-chain holders, showing solid participation despite recent volatility. Liquidity stands around $925K, while FDV remains elevated at $103.68M.
On the daily chart, MAGMA previously wicked up to $0.1999, then entered a deep pullback. The current move signals a relief bounce from demand. MA(7) ~ $0.1005 is acting as short-term support, while MA(25) ~ $0.1274 looms overhead as the key resistance zone to reclaim for trend reversal.
Volume is stabilizing after a long cooldown, hinting that sellers are losing momentum. If buyers defend the $0.10 region, MAGMA could attempt a push back toward the $0.12–$0.13 range. Failure to hold risks a retest of the $0.09 demand zone.
High risk, high energy. MAGMA is at a make-or-break level.