Posteo
Mimi 🤎🩷
MAGIC is experiencing extreme volatility following a massive parabolic pump to $MAGIC 0.16387, now trading at $0.10236. The daily chart reveals a classic blow-off top structure, with a long upper wick and a sharp 13% drop from the peak. The price is currently finding some support near the MA5 ($0.091). Immediate resistance is at $0.120, while crucial support lies at $0.090.
If this support fails, a deeper correction to $0.070 is highly likely. Despite the recent 66% weekly gain.
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