MAGIC/USDT 4H Analysis !!
MAGIC is currently trading at $0.2376, showing a falling wedge structure with RSI breakout confirmation.
📊 Chart Overview:
Falling Wedge Pattern
The price is consolidating between a lower high and a higher low.
If it breaks to the upside, it is a bullish reversal pattern.
Support Area
Strong support (trendline support) near $0.22–0.225.
As long as this level holds, downside looks limited.
RSI Indicator
RSI = 52.64, above its MA (46.96).
RSI broke its downtrend line → early sign of bullish momentum building.
Moving Average (MA 25)
The price is slightly above the moving average (0.2324), which is a sign of short-term correction.
DYOR | NFA
