MAGIC encountered significant resistance at 0.1132, with several risk signals hidden behind this rally. From a technical indicator perspective, RSI has surged to 86, and the Stochastic J value has even touched 96, both pointing to an extremely overbought state. What's more noteworthy is the lackluster trading volume—it has directly shrunk from the 417 million level to 22.42 million, and such volume-price divergence often presages a reversal adjustment in the short term. The resistance from previous highs is also quite evident, and from a technical standpoint, the current price level is indeed facing considerable pullback risk. XRP's recent price movement also warrants close attention.
MAGIC encountered significant resistance at 0.1132, with several risk signals hidden behind this rally. From a technical indicator perspective, RSI has surged to 86, and the Stochastic J value has even touched 96, both pointing to an extremely overbought state. What's more noteworthy is the lackluster trading volume—it has directly shrunk from the 417 million level to 22.42 million, and such volume-price divergence often presages a reversal adjustment in the short term. The resistance from previous highs is also quite evident, and from a technical standpoint, the current price level is indeed facing considerable pullback risk. XRP's recent price movement also warrants close attention.