MAGIC looks poised for 25% upside

• MAGIC value has jumped 35% up to now week and was up 7% on the day.
• The token is stay on Upbit World, a crypto change based mostly in South Korea.
• Gaming initiatives on Treasure use MAGIC.

The value of Magic (MAGIC) exploded forward of the token’s itemizing on main cryptocurrency change Upbit World on Tuesday.

MAGIC is the native token of Treasure, the decentralized gaming ecosystem that connects video games and avid gamers. Treasure additionally connects the gaming group by way of non-fungible tokens (NFTs). Tasks use MAGIC, and the newest itemizing could possibly be an enormous think about value motion over coming days.

It is official – $MAGIC is about to go stay on @upbitglobal on Mar 21 at 4pm KST (MAGIC-BTC)!

Upbit is a number one change in South Korea and we’re ecstatic for MAGIC to be much more accessible to probably the most vital gaming markets on the market.

파이팅! ✨ pic.twitter.com/I2fdGvDZrw

—Treasure (@Treasure_DAO) March 21, 2023

Magic tokens can be found on a number of high crypto exchanges, together with Coinbase, Binance, Gate.io and now Upbit makes it much more accessible to one of many largest blockchain gaming markets on the planet.

MAGIC value evaluation: MAGIC might pump 25% to $2.33

MAGIC was buying and selling within the inexperienced on the day as most altcoins struggled amid liquidity rotation right into a rolling Bitcoin market that had BTC trending above $28,000 for the third day after breaking its macro downtrend.

As for Magic value, it traded at 0.00006594 BTC at round 8:00 am ET on 21 March, up practically 1.2% a couple of hours after the token listed on the South Korea based mostly crypto change with the BTC/MAGIC pair.

Towards the US greenback, MAGIC was altering arms round $1.87 and was up 7% and 35% up to now 24 hours and seven days respectively. The positive factors observe an upside momentum buoyed by the hype round Arbitrum (ARB).

If bulls efficiently breach the availability wall at this degree, they might confront the hurdle anticipated round $2.15 – the purpose of main rejection on 7 February that noticed MAGIC finally retest lows of $0.99 on 11 March 2023.

An upside continuation, which is supported by the rising Relative Energy Index (RSI) indicator at present above 60, and a constructive Superior Oscillator, Magic might see a 25% upswing to its year-to-date peak at $2.33.

On the draw back, a adverse flip from present ranges might costs retreat to the rapid horizontal assist line close to $1.72. The 20-day EMA line at $1.56 might present the following buffer zone for bulls.