MAGIC | Breakout Attempt

MAGIC is attempting a breakout from its long-term descending channel pattern.

Analysis:
RSI shows momentum building from oversold levels
Multiple VWAP indicators suggest institutional accumulation

Risk Factors:
Breakout needs volume confirmation
Failure at resistance could lead to retest of $0.20 support
Overall crypto market conditions remain influential

This setup offers attractive risk-to-reward if the breakout is confirmed by volume.