2026-01-10 14:27:17

MAGIC coin technical analysis: The current daily chart forms a bullish wedge, and the breakout and retest have been confirmed✅

From a technical perspective, this pattern signal is quite positive. The breakout momentum is strong, and the subsequent retest has been very steady, consistent with standard ascending wedge characteristics.

If this momentum can be maintained, the price is expected to challenge the $0.2500 region💸. Of course, such technical predictions require close attention to trading volume and support levels—both must align to truly open up upward space.

MAGICUSDT currently focuses on whether it can break through this key resistance. If successful, it will release a lot of upward momentum🚀

MAGIC2,48%

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GweiWatcher

· 5h ago

How many times has the wedge breakout been used, and each time they say it will push to 0.25, but what’s the result?

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GraphGuru

· 01-11 12:55

I've heard the bullish wedge pattern so many times, but what's the result? No matter how good the explanation, if the volume doesn't cooperate, it's still useless. 0.25 needs to be broken through to count; it's too early to boast now. Whether it can truly break out this time depends on the next two or three candlesticks. A solid retest is good, but once the support level is broken, it immediately reverses. You've probably experienced this before. Let's wait until the trading volume increases; this kind of pattern is most afraid of insufficient volume. Another wedge breakout—why do I feel like I've heard over a dozen similar predictions this month?

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Ahmedkhalil

· 01-11 01:59

yes

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MetaverseVagabond

· 01-10 14:57

The wedge breakout setup is indeed quite interesting, but I'm worried it might just be lip service again. If the backtest is stable, 0.25 still has hope, but the trading volume needs to be strong. Bro, whether this can truly rally this time depends on this week's performance.

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ProxyCollector

· 01-10 14:52

The wedge breakout pattern, I'm already tired of it. The key is whether the trading volume supports it or not. Can 0.25 really hold? I remain skeptical. It's always support levels, support levels. Every time they sound so accurate, but the results end up disappointing. MAGIC seems to have no real hype; the speculative space is probably limited. Where's the momentum we talked about? Why does the market still look so dead?

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SerNgmi

· 01-10 14:40

The wedge breakout quickly retested and stabilized. It still looks promising.

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CryptoHistoryClass

· 01-10 14:37

ah yes, the classic ascending wedge breakout narrative. statistically speaking, this is exactly how 2017 altseason started playing out on the charts before... well, you know. those volume confirmations they mention? *checks notes* that's where most of these setups tend to fall apart ngl

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