Technical analysis by CryptoSanders9563 about Symbol MAGIC: Buy recommendation (8/23/2025)

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