$0.69
$-0.01 (-0.82%)
End-of-day quote: 2022-10-25
MAGIC/USD

Is Magic currently in an uptrend?

According to analysts, the answer is no. Since May 6, 2022, Magic has been on a long-term downswing, decreasing in value by -55.48 percent. The 200-day moving average is currently 4.92 percent less than the current price, -28.41 percent less than the 100-day moving average, and -42.36% lower than the 50-day moving average.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The Magic Forecast for 2023

The one-year forecast is generally seen as the most accurate.

Some analysts were optimistic, predicting a 12-month price target of $0.81. Others were much less optimistic, with an anticipated price of $0.62.

The most recent average price target for the following year is $0.70, which is the most crucial number.

This indicates that Magic may rise by 1.53% over the next year.

MAGIC - Relative Strength Forecast

Magic broke through the 25 strength line from above on and then changed into a trend, which thereby generated sell signals that lasted one month.

MAGIC - Trend Prediction

MAGIC - Price Volatility Prediction

MAGIC - Relative Strength

MAGIC - Momentum Forecast

In we then see weak volatility for Magic for a longer period of time which led to negative signals for Magic.

The Future of Magic In 2025-2030

The future of Magic looks bright according to twelve analysts who predict that the cryptocurrency will reach $0.72 by March 2025. In five years, the price of Magic is expected to be $0.74, and by 2030, it is anticipated to reach $0.78.