Magic Carpet Ride (MAGIC) Price Prediction 2025, 2026, 2027, 2028, 2029

Are you curious about the future of Magic Carpet Ride? Our technical analysis brings you the latest Magic Carpet Ride price prediction for 2025 and beyond. We explore market trends and analyze sentiment to help you make informed decisions about your cryptocurrency investments.

Current Magic Carpet Ride Price

$0.00-9.520%(1D)

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Magic Carpet Ride (MAGIC) Technical Analysis

Valdrin Tahiri

Expert in price predictions02/02/2025

Magic Carpet Ride Price prediction

Year	Min Price	Avg Price	Max Price

2025	$0.00	$0.00	$0.00
2026	$0.00	$0.00	$0.00
2027	$0.00	$0.00	$0.00
2028	$0.00	$0.00	$0.00

MAGIC traders use a wide range of trading signals and technical indicators to predict a price's trajectory. While not all methods are necessary to accurately forecast the direction of the market, some key indicators do hold more weight. Identifying Magic Carpet Ride support and resistance levels gives traders an insight into the market's supply and demand while helping to determine reversals in trends.In addition, chart patterns are also widely used by traders to form trend lines which help in predicting the next candlestick move.Various indicators such as the RSI, Moving Averages and the MACD can be used to determine the direction of the long-term trend and attempt to predict the future price movement.

4 Hours1 Day1 Week

The price action on the bearish side. The price fell above the $0.29 horizontal resistance area after previously moving below it. Such deviations are considered bearish signs. Despite this dive, the MAGIC price remains N/A% negative since the beginning of the year.

RSI

The RSI offers additional insight into the market’s momentum by measuring the size of Magic Carpet Ride price moves to determine whether it's overvalued or undervalued. Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset. Readings above 50 and an upward trend indicate that bulls still have an advantage, whereas readings below 50 suggest the opposite.

According to the RSI, In the 1 Week time frame, Magic Carpet Ride is currently trending bearish with the actual RSI reading at 47.00. The 50 line could provide resistance if the indicator returns to it.

Moving averages

Moving averages are an important analytical tool that provides traders with a bigger picture of what is happening in the charts by calculating the Magic Carpet Ride average closing price over a set period of time. The relationship between short- and long-term moving averages is crucial in determining the trend’s direction. When the short-term MA moves above the long-term one, it is a sign that the trend is gradually turning bullish.

In the 1 Week timeframe, Magic Carpet Ride is in a neutral trend since the 50-x MA has crossed below the 200-x MA, and the price is trading above both.

Alternatively, the trend is neutral if the 50-day MA has crossed above the 200-day one, but the price is trading below them (and vice-versa).

MACD

Finally, the MACD uses a Simple Moving Average (SMA) and an Exponential Moving Average (EMA) to more accurately predict the trend. In similar fashion to simple MAs, the relationship between these two is helpful in determining the trend’s direction.

For all these indicators, the weekly time frame is used to determine the long-term trend, the daily time frame is used for the intermediate trend, while the six-hour one is used for the short-term trend.

According to the MACD, in the 1 Week timeframe, Magic Carpet Ride is currently trending bullish since the MACD signal line moved below 50 periods ago, and the histogram has been negative for 50 periods.

Current Magic Carpet Ride Price

Magic Carpet Ride currently sits at a price of $0.00 (MAGIC/USD) with a live market capitalization of $0.00. The 24-hour trading volume is $0.00 which is a -9.52042% negative. With a circulating supply of 0.00, Magic Carpet Ride's price movement is currently negative.

Magic Carpet Ride Fundamental Analysis

Fundamental analysis aims to assess the inherent value of an asset, while technical analysis involves examining statistical patterns in the price and volume of that asset. Both techniques are employed to analyze and predict potential developments in the future price of that asset.In the case of MAGIC, the most straightforward way to perform fundamental analysis is to look at supply and demand dynamics. Additionally, it is possible to look at the market capitalization amount ($0.00) and the circulating supply of (0.00) - Circulating Supply to arrive at reasonable price assumptions for the future. On the demand side, it is possible to look at on-chain data relating to the number of active and new addresses and transaction count.

What drives the price of Magic Carpet Ride?

There are a number of variables in the cryptocurrency market that can drive the price of Magic Carpet Ride upwards or downwards. The major force behind Magic Carpet Ride’s asset value is the market’s supply and demand. Whether the demand for more MAGIC increases or decreases depends greatly on growing adoption.Furthermore, significant events such as protocol updates or hard forks may also play a significant role in Magic Carpet Ride’s price.Another prime factor to consider is whale activity. Large holders of Magic Carpet Ride can greatly impact the price as one large sell order can drop the price significantly. In addition, never underestimate the power of large institutional adoption and political regulations on Magic Carpet Ride’s value.

Summary

It’s important to note that price predictions may appear contradictory. There is no clear-cut method for determining the future value of any cryptocurrency. This is because many factors are involved in price prediction. It’s not uncommon for one announcement to greatly change the trajectory of a coin’s price at any given time. The entire market as a whole can affect one coin’s movement as well as any updates on the project’s technology. This is why you should always do your own research before investing in any cryptocurrency.

Frequently Asked Questions

What is Magic Carpet Ride's price prediction today?

According to our price forecast, the value of Magic Carpet Ride today — 2 Feb — should trade relatively constant between the ranges of $0.00 and $0.00.

How is the public feeling about Magic Carpet Ride today?

According to our technical analysis, the current sentiment for Magic Carpet Ride's price today is bearish.

What key price levels should be watched for Magic Carpet Ride's?

Magic Carpet Ride is currently trading in a range that holds support levels at usd0.29. Significant resistance levels are at usd0.30. These are prices to watch for in case we see a break in one of these levels which may lead to increased market volatility in the following days.

Will Magic Carpet Ride be a wise investment in 2025?

After evaluating various quantitative technical indicators, Magic Carpet Ride appears to have a bearish forecast for 2025. Always consider both fundamental and technical analysis before investing in any cryptocurrency. Price activity, institutional adoption, and on-chain activity can all offer more insight into a project's potential value.

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