MAGIC / TetherUS
Long

Is #MAGIC About to Skyrocket? Key Demand Zone Approaching

185
Yello, Paradisers! Are you ready for the next big move in #MAGIC? Let's dive into the latest analysis of the #Treasure and find out what will happen next:

💎#MAGIC is currently trading in a descending channel, but the price is approaching a key demand zone, setting the stage for a possible bullish breakout.

💎Right now, #Treasure is adhering to a descending resistance pattern. However, it's now on the verge of breaking out, especially if it taps into the critical demand level of $0.464. Should the price maintain strong momentum here, we could see #MAGICUSDT breaking through the descending resistance and targeting the major supply area at $0.94.

💎A successful breach above this supply area could lead to a significant bullish move, pushing the price towards a strong resistance zone.

💎On the other hand, if #MAGICUSDT loses momentum and faces rejection at the supply area, we may see a bullish rebound from the lower strong support at $0.39-$0.43.

💎However, falling below this level could signal a prolonged bearish trend, and MAGIC will keep moving within a descending channel.

Stay focused, patient, and disciplined, Paradisers!

MyCryptoParadise
iFeel the success🌴

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.