Here's the Analysis of #MAGIC : #MAGIC had a very hard rejection from the support zone around $0.11 - $0.12. Price retesting the resistance trendline after breaking it. Price still looks bearish and can go back to the support zone. Short-term scalping for short can be taken here and a break of the $0.20 can give the further clarity of the market.
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This cycle has also been shaped by the tug-of-war between long-term holders distributing supply and institutional demand via US spot ETFs and DATs. With ETFs a new structural force, price now reflects this push-pull: LTH profit-taking caps upside, while ETF inflows absorb distribution and sustain the cycleโs advance.
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#BTC started to dump after nearly goes near the $116,000 area. Price Now strongly dropping and this is concerning, but we a;ready mentioned it can go for wick fill in coming days. Just stay strong and wait for more clarity.
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