$MAGMA is currently on fire. The price is trading around $0.149, marking a strong increase of +45.02% in a short time. The market cap is $28.71 million, while the fully diluted market cap is $151.13 million, indicating significant bullish expectations. The liquidity on the network is strong at $1.33 million, supporting the current price movement.

On the chart, MAGMA made a sharp move from the low of $0.104 and previously rose near $0.203, then cooled off in a healthy consolidation. The price is now stabilizing around the $0.145-$0.150 area, which acts as a key short-term support. Volumes have decreased compared to the initial surge, indicating that sellers are exhausting and traders are waiting for the next move.

If buyers step in again, a pullback towards $0.165-$0.18 is possible. Losing support at $0.14 could send the price back to the $0.12 area. The overall structure still favors the bulls as long as MAGMA maintains its recent higher low. Momentum is hot, volatility is high, and MAGMA remains one of the most active names to watch right now.

MAGMA

Alpha

0.13725

-1.39%