Market Overview for MAGICBTC: 24-Hour Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Dec 17, 2025 2:51 am ET1min read
MAGIC
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BTC
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Aime RobotAime Summary

- MAGICBTC price fell 5% to 1.15e-06 over 24 hours, showing bearish momentum with downward-moving averages.

- Volume spiked twice (1441.6 and 9580.3 units) but failed to sustain gains, confirming weak bullish conviction.

- RSI near oversold 30-40 range and negative MACD indicate weakening buying pressure despite low volatility.

- Key 61.8% Fibonacci support at 1.17e-06 remains critical; breakdown could trigger further decline to 1.14e-06.

Summary
• Price declined from 1.21e-06 to 1.15e-06 over 24 hours, forming bearish momentum.
• Volume spiked sharply at 00:15 ET and 02:00 ET, but price failed to sustain gains.
• RSI and MACD indicate weakening bullish momentum, with RSI hovering near oversold territory.

Treasure/Bitcoin (MAGICBTC) opened at 1.21e-06 on 2025-12-16 12:00 ET, hit a high of 1.21e-06, a low of 1.15e-06, and closed at 1.15e-06 on 2025-12-17 12:00 ET. Total volume was 52,121.0, and notional turnover amounted to 58.0061.

Structure & Moving Averages


Price action shows a bearish bias over the last 24 hours, with the 20-period and 50-period moving averages on the 5-minute chart both trending downward. On the daily chart, the 50-period MA is below the 200-period MA, suggesting bearish alignment.

MACD & RSI



MACD has been negative for much of the 24-hour period, with no clear bullish divergence. RSI has remained in the 30–40 range, suggesting the pair may be near oversold territory, though a strong bounce is yet to materialize.

Bollinger Bands


Bollinger Bands have shown a modest contraction during the overnight session, but price remains near the lower band, indicating low volatility and bearish pressure.

Volume & Turnover


Volume spiked at 00:15 ET with a large bar of 1441.6 units and again at 02:00 ET with 9580.3 units, but price failed to follow through. Turnover spiked concurrently, showing some conviction but not enough to reverse the downtrend.

Fibonacci Retracements


Key support appears at the 61.8% level of the recent 5-minute swing from 1.21e-06 to 1.15e-06, currently around 1.17e-06. A break below this level may signal a deeper pullback toward 1.15e-06 or even 1.14e-06.

Looking ahead, a retest of the 1.17e-06 level is likely, with a potential bounce or breakdown expected depending on volume and order flow. Investors should remain cautious, as volatility remains low and bearish momentum is intact.