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MAGIC (MAGIC) has a Neutral Sentiment Score, is Falling, and Underperforming the Crypto Market Tuesday: What's Next?

Tuesday, February 07, 2023 08:14 AM | InvestorsObserver Analysts
MAGIC (MAGIC) has a Neutral Sentiment Score, is Falling, and Underperforming the Crypto Market Tuesday: What's Next?

MAGIC (MAGIC) gets a neutral rating from InvestorsObserver Tuesday. The crypto is down 3.92% to $2.03 while the broader crypto market is up 0.88%.

Sentiment Score - ,
MAGIC has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on MAGIC!

Neutral

Over the last five days, MAGIC has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of MAGIC over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

MAGIC is currently trading near its five-day high of $2.15196490287781. The crypto is 5.67% off its five-day high and is 58.89% higher than its five-day low of $1.28.

MAGIC price is comfortably positioned between support and resistance. With support set around $1.89 and resistance at $2.24, has some room to run before facing resistance.

MAGIC has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on MAGIC

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