Magic worth prediction: MAGIC poised for 25% positive factors as token goes reside on Upbit World

• MAGIC worth has jumped 35% prior to now week and was up 7% on the day.
• The token is reside on Upbit World, a crypto alternate based mostly in South Korea.
• Gaming initiatives on Treasure use MAGIC.

The worth of Magic (MAGIC) exploded forward of the token’s itemizing on main cryptocurrency alternate Upbit World on Tuesday.

MAGIC is the native token of Treasure, the decentralised gaming ecosystem that connects video games and avid gamers. Treasure additionally connects the gaming neighborhood through non-fungible tokens (NFTs). Tasks use MAGIC, and the newest itemizing may very well be a giant consider worth motion over coming days.

It is official – $MAGIC is about to go reside on @upbitglobal on Mar 21 at 4pm KST (MAGIC-BTC)!

Upbit is a number one alternate in South Korea and we’re ecstatic for MAGIC to be much more accessible to some of the necessary gaming markets on the market.

파이팅 ! ✨ pic.twitter.com/I2fdGvDZrw

— Treasure (@Treasure_DAO) March 21, 2023

Magic tokens can be found on a number of high crypto exchanges, together with Coinbase, Binance, Gate.io and now Upbit makes it much more accessible to one of many largest blockchain gaming markets on the planet.

MAGIC worth evaluation: MAGIC may pump 25% to $2.33

MAGIC was buying and selling within the inexperienced on the day as most altcoins struggled amid liquidity rotation right into a rolling Bitcoin market that had BTC trending above $28,000 for the third day after breaking its macro downtrend.

As for Magic worth, it traded at 0.00006594 BTC at round 8:00 am ET on 21 March, up almost 1.2% a couple of hours after the token listed on the South Korea based mostly crypto alternate with the BTC/MAGIC pair.

Towards the US greenback, MAGIC was altering arms round $1.87 and was up 7% and 35% prior to now 24 hours and seven days respectively. The positive factors comply with an upside momentum buoyed by the hype round Arbitrum (ARB).

If bulls efficiently breach the availability wall at this stage, they might confront the hurdle anticipated round $2.15 – the purpose of main rejection on 7 February that noticed MAGIC finally retest lows of $0.99 on 11 March 2023.

An upside continuation, which is supported by the rising Relative Power Index (RSI) indicator at the moment above 60, and a optimistic Superior Oscillator, Magic may see a 25% upswing to its year-to-date peak at $2.33.  

On the draw back, a detrimental flip from present ranges may costs retreat to the speedy horizontal assist line close to $1.72. The 20-day EMA line at $1.56 may present the following buffer zone for bulls.