$MAGMA Update: Bearish Trend Meets Short-Term Buying#MAGMA is down 1.72% to $0.1386, trading below key EMAs with a bearish MACD crossover, signaling ongoing short-term downside pressure. Support sits near $0.135, the lower Bollinger Band.Contradictory Buying: Despite the downtrend, hourly taker buy volume exceeded $160K, suggesting potential dip-buying from retail traders. With no major whale activity, the market remains retail-driven. A recent Binance Alpha feature with a 250-token airdrop sparked initial volatility and gains of ~20%, attracting attention to MAGMA. Analysts note a potential recovery structure above $0.132.Break above EMA resistance (~$0.141) may push price to $0.148; a drop below $0.135 could accelerate selling. Sustained buying above $0.13 is needed to challenge bearish momentum.Growth depends on Sui ecosystem adoption and liquidity expansion beyond initial listing hype.

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