Treasure (MAGIC) Token Rockets Over 30%: A Technical Breakout and Renewed Bullishness
Treasure’s native token, MAGIC, climbed over 30–40% in just 24 hours, standing out in a mostly quiet crypto market. The rally pushed MAGIC above key resistance near $0.14–$0.15 into intraday highs near $0.19–$0.20, as volume exploded across exchanges—most notably Binance, where it leads in trading liquidity.
What Fueled the Swift Move?
Three factors appear to be at play:
- Technical breakout: MAGIC broke out from a consolidation channel, clearing resistance levels around $0.14–$0.15. Analysts note bullish RSI and MACD divergences pointing to a trend change .
- On-chain momentum & platform updates: As the token behind Treasure DAO, MAGIC benefits from renewed interest in its NFT‑gaming ecosystem on Arbitrum, where AI tools are being integrated into Web3 games .
- Liquidity concentration: Binance handles nearly 60% of MAGIC’s daily volume—when that market moves, price spikes can happen fast and broad .
Where MAGIC Stands Now
According to CoinGecko, MAGIC is trading around $0.197 with 24-hour volume near $282 million, reflecting a ~34–39% gain over the previous day and ~19% over the past week . Coinbase reports a €0.16 price, up ~34% from €0.12 yesterday and ~20% week-over-week .
Market cap estimates hover around $55–60 million, based on approximately 308 million circulating tokens .
How High Could MAGIC Go?
Technical and sentiment-driven targets suggest upside potential toward $0.30 (April 2025 highs) and even $0.60, should bullish momentum continue .
Projection models are mixed: CoinCodex anticipates a narrower 2025 trading range ($0.13–$0.19) with average near $0.147, indicating modest 30% returns possible depending on entry timing . Meanwhile, other forecasts extend to $0.18–$0.20 by year-end, though some signal potential downward volatility toward $0.12 amid execution risks .
Where to Buy MAGIC
MAGIC is listed on major centralized exchanges. Binance hosts the most active trading pair, MAGIC/USDT—with nearly half of the trading volume. Register on Binance to buy MAGIC directly. Other platforms offering MAGIC include MEXC, Bitget, OKX, and Coinbase Exchange .
Risks and Considerations
While the breakout is bullish, potential risks include: volatility spikes in low-cap tokens; dependency on ecosystem launches; liquidity concentration on a single exchange; and retracement if buyer momentum fades.
Watch for volume drop-off or bearish divergence on RSI/MACD. Liquidity thinning could cause rapid pullbacks.
Bottom Line
MAGIC’s breakout is driven by technical strength, upgrade news, and concentrated liquidity flows. The rally has lifted sentiment and drawn attention to its evolving role in AI-based gaming on Arbitrum.
With upside targets tentatively ranging from $0.30 to $0.60, traders may watch for pullbacks near support zones or prepare for potential gains if momentum persists. Always weigh risk, use stop-loss planning, and consider only capital you can afford to lose.
