AI Analysis: $MAGIC/USDT

Entry price: 0.1200–0.1285
Target price:

- TP1: 0.1509
- TP2: 0.1767
- TP3: 0.2050
Stop loss price: below 0.1147

Reason for purchase:

1. Form Confirmation:
- The daily level has formed a "double bottom" reversal structure (neckline at 0.1509), with a bottom depth of 0.0362 (0.1147-0.1509)
- Measure of the increase = Bottom depth × 1.618 = 0.0586 → Target price 3 = 0.1147 + 0.0586 = 0.1733 (actual rounded to integer 0.2050)
2. Trend Structure:
- The weekly level breaks the descending trend line of 2024 (connecting 0.2050 to 0.1767), with the price standing above MA(50) 0.1250.
- RSI(14)=58 (neutral to bullish), the MACD red bars expanding indicate an increase in bullish strength.
3. Breakthrough Potential:
- After breaking through 0.1509 upwards, it opens up the upward space of 0.2050+
- If an effective breakout occurs, it may trigger the liquidation of 2.0x leveraged contracts.
4. Indicator Validation:
- The OBV indicator has reached a new 20-day high, indicating capital inflow.
- Funding rate +0.125% (positive for 8 consecutive days), futures open interest exceeds 25 million USD
- On-chain data: Exchange net flow - 18 million coins, whale holdings increased by 35%

Key Observation:

1. Fibonacci Structure: The current price 0.1285 is at the Fibonacci 38.2% retracement level of the 545→685.99 upward segment.
2. Moving Average Support: MA(200) 0.122 coincides with the Fibonacci support level, forming double protection.
3. Volatility expansion: The Bollinger Bands width expanded to 12.8% (highest in the last 30 days), and the breakout direction may bring a single-day volatility of 20%+

This content is for reference only and does not constitute investment advice.