2025-08-08 14:20:45

#MAGIC

The price initially showed an upward movement, suggesting a potential breakout. However, it failed to sustain that momentum and began to retrace, indicating weakness in follow-through buying. Although there was a minor bounce supported by a slight uptick in trading volume, the overall structure still appears bearish. The recent price action seems more like a temporary relief rather than the beginning of a stronger reversal. Unless significant buying interest returns, it's likely that the price will eventually break below the 0.25 level, as downward pressure continues to build.

MAGIC-1.3%

IN-4.62%

MORE-17.45%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.