Magic price prediction: MAGIC looks poised for 25% upside

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  • Magic’s price is up 35% in the past week and was up 7% on the day.
  • The token is live on Upbit Global, a crypto exchange based in South Korea.
  • The gaming projects on Treasure use Magic.

magic priceMagic) exploded ahead of the token’s listing on major cryptocurrency exchange Upbit Global on Tuesday.

Magic is the native token of Treasure, the decentralized gaming ecosystem that connects games and gamers. Trezor also engages the gaming community through non-fungible tokens (NFTs). The projects cast magic, and the latest listing could be a big factor in price movements in the days to come.

Magic Token is available on many top crypto exchanges including Coinbase, and now Upbit make it even more accessible to one of the largest blockchain gaming markets in the world.

Magic Price Analysis: The Magic Could Pump Up 25% to $2.33

MAGIC was trading in the green on the day as most altcoins struggled amid a liquidity rotation in the ongoing bitcoin market, which saw BTC trading above $28,000 for a third day after breaking out of a macro downtrend.

As far as the price of Magic goes, it traded at 0.00006594 BTC at 8:00 AM ET on March 21, a few hours after the BTC/Magic pair listed the token on the South Korea-based crypto exchange gained about 1.2%. was above

Against the US Dollar, MAGIC was changing hands around $1.87 and was up 7% and 35% over the last 24 hours and 7 days respectively. Gains follow an upside momentum buoyed by the hype around the arbitrum (ARB).

Magic Price Movement on Binance. Source: trading view

From a technical perspective, MAGIC price has remained above the 20-day exponential moving average since breaking its resistance on March 14. However, the bulls have twice failed to break the immediate resistance at $1.96, making the resistance level at $2.00 a key target in the near term.

If the bulls successfully overcome the supply wall at this level, they may face an expected resistance around $2.15 – the point of major rejection on 7th February which eventually took MAGIC to a low of $0.99 on 11th March 2023. saw.

An upward continuation, which is supported by the Relative Strength Index (RSI) indicator currently rising above 60, and a positive Awesome Oscillator, Magic could see a 25% increase to its year-to-date peak at $2.33.

On the downside, a downside move from the current levels could lead to an immediate return to the horizontal support line near $1.72. The 20-day EMA line at $1.56 could provide the next buffer zone for the bulls.

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