Driven by a rebound in macro risk appetite and a shift in capital styles, MAGIC has recently experienced simultaneous increases in both price and volume, effectively breaking through the key resistance area of 0.065 USDT, with strong short-term bullish sentiment. The spillover of sentiment from the AI and Meme sectors and the surge in high-volume trading have further strengthened the short-term momentum for price chasing. Strategically, it is recommended to monitor the 0.0675–0.068 USDT range intraday; if there is a breakout with volume, the potential upside target could extend to 0.07 USDT. For risk control, closely monitor the spillover effect on MAGIC's market sentiment from Bitcoin's fluctuations around the $75,000 level.

Since mid-April, international tensions have eased, with declining geopolitical stress between the US and Iran, while the Federal Reserve maintains a hawkish stance, stabilizing market expectations for monetary policy. As a result, risk assets have generally rebounded and the overall crypto market has warmed up. Against this backdrop, MAGIC has risen in tandem, climbing from a closing price of 0.0625 USDT on April 13th to 0.06708 USDT on April 16th, an accumulated increase of over 7%, reflecting the short-term liquidity spillover trend into the altcoin sector.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

According to market data, AI and Meme tokens have risen by approximately 1.08% and 1.03% respectively in the past 24 hours, with pulse-like capital inflows spreading from hot themes to related projects. As a key representative of the Meme sector, MAGIC saw a significant expansion in trading volume from April 13th to 16th, with average daily volume surpassing 2 million tokens. The price movement from 0.0625 to 0.06708 illustrates investors’ short-term approval and momentum for chasing gains in such assets.

According to SoSoValue data reported by ChainCatcher, most of the cryptocurrency market saw gains, with AI and Meme sectors showing relative strength, rising 1.08% and 1.03% respectively in 24 hours. Notable increases include 0G up 14.95%, Worldcoin up 6.58%, and MemeCore up 4.45%. Bitcoin and Ethereum experienced slight declines, falling 0.37% and 0.43%, respectively. Other sectors showed mixed performance with minor gains and losses.

Data: Most of the crypto market is up, with AI and Meme sectors relatively strong, while BTC and ETH have slightly pulled back.

From a technical perspective, MAGIC has steadily broken through the 0.065 USDT resistance level, accompanied by sustained volume expansion and marked bullish dominance. The high-volume trading zone is located near 0.0675–0.068 USDT; if this area consolidates further and a breakout occurs, an extension to 0.07 USDT is possible. Observing Bitcoin’s movement around the $75,000 level, sentiment fluctuations triggered at key levels of major coins tend to have synchronous amplifying effects on the altcoin sector. In the short term, special attention should be paid to how Bitcoin’s key price range affects sentiment in MAGIC.

Treasure

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Treasure Price: MAGIC Live Price Today | MAGIC Market Cap & Chart Analysis | Bybit-eu

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MAGIC price today is 0.07, with a live price change of 6.58 in the last 24 hours. Convert, buy, sell and trade MAGIC on Bybit-eu.

Track Treasure live price, market cap, 24-hour trading range, and real-time chart data on Bybit-eu.

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