- MAGIC holds above key demand near $0.110, reinforcing bullish structure after a confirmed market structure shift.
- Liquidity targets at $0.1510 and $0.1659 remain active magnets following accumulation-driven price behavior.
- Short-term recovery continues, though higher-timeframe performance still reflects a broader corrective environment.
MAGIC is stabilizing near the $0.114 area as price action reflects recovery within a broader corrective structure. Market participants are closely monitoring demand behavior and structural signals for confirmation of a sustained upside move.
Market Structure Shift Restores Bullish Framework
MAGIC recently reclaimed a key market structure level, signaling weakening bearish control after prolonged sideways consolidation. This shift suggests price is transitioning from corrective behavior toward a more constructive bullish framework.
In a recent post, Crypto Patel described the move as an MSS reclaim, restoring bullish structure. The reclaim followed extended accumulation, which typically increases confidence in structural transitions rather than signaling temporary volatility-driven moves.
Demand Zone and Accumulation Support the Setup
MAGIC pulled back into a clearly defined orderflow demand zone near $0.110, which continues holding firmly. This area reflects prior institutional buying interest that absorbed sell-side liquidity during earlier consolidation phases.
The accumulation structure preceding the breakout remains notable, marked by compressed volatility and steady positioning. Such conditions often precede expansion phases, especially when followed by controlled retracements rather than sharp reversals.
Liquidity Targets Define the Upside Path
MAGIC is as of writing, trading at approximately $0.114 having recovered against the short term support at $0.112. The intraday price action displays increasing lows which means more buyer responsiveness against the expansive corrective forces.
Liquidity pools remain visible at $0.1510 and $0.1659, with the latter aligning near the previous monthly high. Crypto Patel identified these zones as buyside targets, often attracting price following structural shifts.
Futures trade is still high as compared to spot, in terms of tactical positioning and not commitment. Although short-term momentum has been better, it would be preferable to accept it above the $0.118-$0.122 resistance zone in order to support the recovery story on a bigger picture.
