Technical analysis by CryptoAnalystSignal about Symbol MAGIC: Buy recommendation (12/7/2025)

#MAGIC The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected. We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected. There is a key support zone in green at 0.0950. The price has bounced from this level multiple times and is expected to bounce again. We have a trend towards stability above the 100-period moving average, as we are moving close to it, which supports the upward movement. Entry price: 0.0961 First target: 0.0978 Second target: 0.1005 Third target: 0.1039 Don't forget a simple principle: money management. Place your stop-loss below the support zone in green. For any questions, please leave a comment. Thank you.