2026-01-09 00:22:29

MAGIC/USDT is currently facing an interesting technical dilemma. On the 15-minute, 1-hour, and 4-hour charts, the RSI is all stuck in the high range of 69-76, looking like a clear overbought signal. But a closer look at the 1-hour MACD histogram shows it is still expanding—which is awkward because trading volume has simultaneously shrunk by 89.5%. This is a classic volume-price divergence phenomenon, with the risk of chasing the top now evident.

The current price is around 0.112, which is a previous resistance level. Looking upward, 0.115 and 0.120 are two key resistance levels; looking downward, 0.108 and 0.103 are support levels.

From a trading perspective, there are two opportunities worth watching: First, if the price breaks above 0.115, consider going long with a target of 0.120 and a stop-loss at 0.112; second, if it falls below 0.108, switch to a shorting strategy with a target of 0.103 and a stop-loss at 0.110. As for now? Stay on the sidelines around 0.112, wait for the trend to be confirmed before entering. Better to wait for signals than to guess the top.

MAGIC-2,44%

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ProofOfNothing

· 8h ago

We've seen plenty of cases of price-volume divergence, but we still need to wait for a breakout confirmation. Don't be fooled by the MACD.

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AirdropHarvester

· 01-09 00:52

The divergence between price and volume is really disgusting. Even when trading volume shrinks to 89.5%, people still dare to hold? I wouldn't dare to chase. It's better to stay on the sidelines.

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SchrodingersFOMO

· 01-09 00:52

The divergence between price and volume is the best way to trap retail investors... With 89.5% of trading volume shrinking, yet still pushing upward, it's a classic case of false breakout to lure more buyers.

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RetailTherapist

· 01-09 00:51

An 89.5% volume shrinkage and still claiming MACD expansion—this is a classic case of fake volume, brother.

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ForkTongue

· 01-09 00:50

I hate the situation of volume-price divergence the most. An 89.5% drop in trading volume still dares to expand MACD, which is purely a fake-out rhythm.

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ShamedApeSeller

· 01-09 00:45

The most deceptive thing is divergence between price and volume. With 89.5% of trading volume shrinking, dare to chase? I don't believe this rebound can go far.

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TeaTimeTrader

· 01-09 00:44

The divergence between price and volume is the most annoying thing. MACD is still expanding, but trading volume suddenly plummeted by 89.5%. Isn't this just a big trap?

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AirdropHunter9000

· 01-09 00:30

This kind of divergence between price and volume is the easiest to be cut. An 89.5% shrinkage, this number is a bit outrageous, feels like a reversal is coming.

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