Updated: 6/4/2026 10:15:51 AM

MAGIC (MAGIC) Technical Analysis

Overall Signal
STRONG SELL
1
out of 100
Signal Strength
Very Strong
Bearish Momentum
Key Levels
Support$0.05
Resistance$0.057

Multi-Timeframe Analysis

5 Min
0
STRONG SELL
15 Min
0
STRONG SELL
30 Min
0
STRONG SELL
1 Hour
0
STRONG SELL
4 Hour
0
STRONG SELL
1 Day
0
STRONG SELL
Timeframe Analysis: Short-term timeframes (5m-30m) show bearish momentum, while longer timeframes (1H-1D) indicate bearish trend direction.

MAGIC Price Data

All-Time High

Historical peak price

ATH Price$6.32
Current Price$0.05
From ATH-99.20%
24h Change-9.52%
ATH Date2/19/2022
Distance to ATH99.2%

BTC Correlation

Price movement relationship

91%
Strong Positive
-100%0%+100%
MAGIC typically moves in the same direction as Bitcoin. When BTC rises, MAGIC tends to rise as well.

Market Context

Fear & Greed
19
Extreme fear
BTC Dominance
55.5%
Market Share
Altcoin Season
47
Neutral
Market 24h
-5.63%
Total Market
Market Impact: The market is experiencing extreme fear, which may present buying opportunities for patient investors.

Recent MAGIC Profitable Signals

MAGIC
futures
LONGTP3 Hit
+78.6%
5/30/2024
MAGIC
futures
LONGTP1 Hit
+16.5%
5/5/2024

MAGIC Trading Recommendation

Consider Taking Profits

Based on multi-timeframe technical analysis

MAGIC is showing bearish pressure with a score of 1/100. Watch the resistance level at $0.057.

Momentum: Bearish
Risk: Higher

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MAGIC Analysis FAQ

Is MAGIC a buy right now?

Based on our technical analysis, MAGIC currently shows a STRONG SELL signal with a score of 1/100. This suggests bearish momentum. Consider waiting for better entry points.

What timeframes are analyzed for MAGIC?

We analyze MAGIC across 6 timeframes: 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, and 1 day. This multi-timeframe approach gives a comprehensive view of both short-term and long-term trends.

How often is MAGIC analysis updated?

Our MAGIC technical analysis is updated every hour. You can get real-time notifications in the CryptoSignalApp when signals change.

How can I get MAGIC trading signals?

Download CryptoSignalApp to receive MAGIC trading signals with precise entry points, stop loss, and take profit targets. Our signals have an 84%+ win rate.