MAGIC has recently demonstrated excess return capability driven by high-beta effects in the AI and Meme sectors, with its price rising from 0.0608 to 0.0715 in the short term and trading volume expanding, showing dominant bullish sentiment. Boosted by a rebound in Bitcoin and improved institutional liquidity, medium-term support has strengthened, with 0.065 serving as an important pullback confirmation level. Caution is needed for short-term overbought correction risks, but under Bitcoin’s stable uptrend, capital rotation could fuel a secondary upward movement. As industry reshuffling accelerates, MAGIC boasts features of undervaluation due to ecosystem iteration and community stickiness over the medium and long term. It is recommended to monitor chip movements in the 0.065–0.072 range, position on pullbacks with the trend, and focus closely on macro liquidity and project progress.

Since mid-April, MAGIC’s price has steadily climbed from 0.0608 to 0.0715, with a cumulative gain of over 17% and significantly increased trading volume, reflecting a classic rebound in risk appetite. Against the backdrop of strong overall performance in AI and Meme sectors, MAGIC, as a high-beta asset, has fully displayed its excess return attributes, with consecutive strong bullish candles accompanied by higher volume, dominating short-term bullish sentiment.

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.

Despite hawkish signals from the Federal Reserve and rising inflation concerns, the overall rebound in risk assets has driven recovery in alternative assets. After April 14, MAGIC stabilized and broke through the 0.065 resistance for two consecutive days, with pullback confirmation further strengthening the bullish pattern. Meanwhile, continued allocation to Bitcoin ETFs by institutions has improved overall market liquidity, indirectly providing MAGIC with medium-term expectations for capital inflows.

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

Bitcoin has recently returned to four-week highs, and after surpassing a key volatility breakout, overall market volatility has contracted. MAGIC maintains a high positive correlation with Bitcoin; in the short term, as the base asset stabilizes, capital may rotate from Bitcoin to high-beta small cap assets. Technically, MAGIC has shown overbought signals following consecutive closes at high prices, requiring caution against short-term corrections; however, in Bitcoin's robust upward environment, MAGIC still offers secondary long opportunities after interim adjustments.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

In the current bear market, many infrastructure and application layer projects are exiting or scaling down, causing short-term disruption to the industry ecosystem. However, the MAGIC team continues to iterate on community and ecosystem projects, maintaining relatively stable activity. With liquidity concentrating on high-quality projects, MAGIC is likely to become an undervalued asset in the medium and long term. Investors should pay attention to changes in fund allocation under macroeconomic games, as well as the project’s own growth logic and community stickiness.

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 4.27 in the last 24 hours. Convert, buy, sell and trade MAGIC on Bybit-eu.

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