Chart Analysis▼ Bearish
MAGMA 4H Analysis: At $0.290 Faces Resistance at $0.358–$0.378
TradingGain Newsroom··24 Oct 2026, 05:20 UTCMAGMA is trading at $0.290, about 49% below its $0.569 high from Oct 22, after falling 42.5% in the last 24 hours. The first resistance zone sits at $0.358 to $0.378, and a 4H close above $0.378 would open a move toward $0.541.
MAGMA 4H Update 📊
MAGMA is trading at $0.290, about 49% below its $0.569 high from Oct 22. It fell 42.5% in the last 24 hours, so the selling has been heavy.
The first resistance zone is $0.358 to $0.378. Above that, the supply zone sits at $0.541 to $0.569.
What I'm watching:
🟢 A 4H close above $0.378 opens a move toward $0.541
🔴 A rejection in the $0.358–$0.378 zone keeps the downtrend in control
Wait for the 4H close before acting on either side.
Not financial advice, manage your risk. 🙏
MAGMA is trading at $0.290, about 49% below its $0.569 high from Oct 22. It fell 42.5% in the last 24 hours, so the selling has been heavy.
The first resistance zone is $0.358 to $0.378. Above that, the supply zone sits at $0.541 to $0.569.
What I'm watching:
🟢 A 4H close above $0.378 opens a move toward $0.541
🔴 A rejection in the $0.358–$0.378 zone keeps the downtrend in control
Wait for the 4H close before acting on either side.
Not financial advice, manage your risk. 🙏
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