Is Magic currently in an uptrend?
According to analysts, the answer is no. Since May 6, 2022, Magic has been on a long-term downswing, decreasing in value by -56.77 percent. The 200-day moving average is currently 8.05 percent less than the current price, -26.27 percent less than the 100-day moving average, and -40.64% lower than the 50-day moving average.
The Magic Forecast for 2023
The one-year forecast is generally seen as the most accurate.
Some analysts were optimistic, predicting a 12-month price target of $0.79. Others were much less optimistic, with an anticipated price of $0.60.
The most recent average price target for the following year is $0.68, which is the most crucial number.
This indicates that Magic may rise by 1.5% over the next year.
MAGIC - Relative Strength Forecast
MAGIC - Trend Prediction
MAGIC - Price Volatility Prediction
MAGIC - Relative Strength
MAGIC - Momentum Forecast
The Future of Magic In 2025-2030
The future of Magic looks bright according to twelve analysts who predict that the cryptocurrency will reach $0.70 by March 2025. In five years, the price of Magic is expected to be $0.72, and by 2030, it is anticipated to reach $0.75.