$MAGIC USDT Market Update
MAGIC is currently in a short-term corrective phase following a sharp bullish impulse that pushed price to the 0.0808 high. The strong rejection from that level suggests profit-taking and temporary bearish pressure. Price is now retracing toward nearby support.
Trend: Short-term bearish correction within a broader recovery attempt.
Key Buy Zone:
0.0715 – 0.0725
This area aligns with the recent consolidation base and may attract dip buyers if selling pressure weakens.
Important Support to Hold:
0.0710
A sustained move below this level could open the door for deeper downside.
Breakout Level:
0.0765
Reclaiming and holding above this level would indicate renewed bullish momentum and potential continuation toward recent highs.
Outlook:
The pullback appears technically healthy after an aggressive rally. Traders may watch for stabilization near support before considering long exposure, while failure to hold support would favor caution.
#CZAMAonBinanceSquare #USNFPBlowout #TrumpCanadaTariffsOverturned #USRetailSalesMissForecast #USTechFundFlows