#MAGMA Data analysis through Aice100 shows that when $MAGMA price is around $0.36805, the 24-hour price change is -13.50%.



To be honest, the short-term downward trend is likely to continue.

But note that currently 83% of the shorts are still in unrealized profit. Funding rate +0.025%, longs are still paying, so don’t rush to buy the dip before the weakness ends.

The key level below is $0.35701, and above is $0.37725 as the recovery observation point.

Open interest: 19.6204 million → 21.2663 million (up 8.4%)

Major trader long-short ratio: 0.41 → 0.53 (bearish dominance)

Active absorption: active sell orders are dominant, net ratio -1.6% (buying 188 million / selling 194 million)

Forum posting discussion volume: heating up 6390.9% (11 → 714)
MAGMA-17.43%
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