Technical analysis by CryptoAnalystSignal about Symbol MAGIC: Buy recommendation (6/23/2025)

#MAGICThe price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.We have a trend to stabilize above the 100 moving average once again.We have a downtrend on the RSI indicator that supports the upward move with a breakout.We have a support area at the lower limit of the channel at 0.1312, acting as strong support from which the price can rebound.Entry price: 0.1386First target: 0.1426Second target: 0.1480Third target: 0.1547