Magic(magic)market reviews and price predictions

Magic market statement for 2022-09-29

Yesterday the price of magic stood at $0.34. The market capitalization of the asset was $74 615 952. Magic’s volatility was established at 1.31%. The trading volume of the coin reached $682 548.

Magic prognosis for the next days:

We estimate the price of Magic to be $0.29 tomorrow 2022-10-02 and $0.37 on 2022-10-08;

We estimate the market capitalization of Magic to reach $72 686 342 tomorrow 2022-10-02 and $72 464 760 on 2022-10-04;

We estimate the volatility of Magic to become 3.76% tomorrow 2022-10-02 and 2.39% on 2022-10-04;

We estimate the trading volume of Magic to amount to $788 455 tomorrow 2022-10-02 and $757 194 on 2022-10-04.

Our recommendation for the pair MAGIC/USD for tomorrow, 2022-10-02, to hold.

Magic(magic)week price prediction
UNCLEAR
Price
Volatility
Capitalization
Volume
Sep 04Sep 11Sep 18Sep 25Oct 02Sep 04Sep 11Sep 18Sep 25Oct 020.300.400.500.600.700.300.400.500.600.70
Today's review

Bearish response: The Magic price melts by 4% between September 23 and September 29.

Between September 23 - September 29, Magic has been mostly bearish as its price has been in the falling mode. The price swings of MAGIC pointed to the presence of low volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the increasing trading volume.

Latest reviews

September 21 - September 27 price action review: Magic goes down by 9%.

The behavior of Magic last week was characterized by the occurrence of downswings. The situation on the MAGIC market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.

The buyers controlled the Magic market between September 19 and September 25 as the price grew by 9%.

Between September 19 - September 25, Magic has been mostly as its price has been in the rising mode. MAGIC has been going through a period of medium volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been increasing in concert with the price of the coin. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

Buyers weakened their grip on the Magic market (September 16 - September 22) as the price rose only by 5%.

Magic has been bearish last week as its price has been predominantly rising. The price swings of MAGIC pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the increasing trading volume.

The bears had a field day between September 13 and September 19 as Magic got knocked down by 24%.

The downward movement of the Magic price last week indicates the chosen market is bearish. The price swings of MAGIC pointed to the presence of medium volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.

A 42% drop on the Magic market last week (September 11 - September 17) signals that the sellers are gaining strength.

The price of Magic was falling last from September 11 until September 17, giving enough reason to conclude that the market is bearish. MAGIC was caught in a period of medium volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The bears had a field day between September 10 and September 16 as Magic got knocked down by 44%.

The analysis of last week’s price action shows that the Magic market is in the bearish phase since the price has been moving downward. The volatility associated with the MAGIC market was medium, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

The bears had a field day between September 9 and September 15 as Magic got knocked down by 39%.

Between September 9 - September 15, Magic has been mostly bearish as its price has been in the falling mode. MAGIC was caught in a period of medium volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

A 39% drop on the Magic market last week (September 9 - September 15) signals that the sellers are gaining strength.

The price of Magic was falling last from September 9 until September 15, giving enough reason to conclude that the market is bearish. The volatility of MAGIC has been medium throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the decline of market capitalization. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

Bearish response: The Magic price melts by 4% between September 3 and September 9.

The downward movement of the Magic price last week indicates the chosen market is. The situation on the MAGIC market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of increased trading volume.

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