Bybit Launches New Daily Treasure Hunt Event
- Innovative Reward Mechanism: Bybit's newly launched Daily Treasure Hunt offers traders the chance to earn rewards by completing simple tasks, allowing participants to accumulate points through daily trading, exploring new features, and engaging in limited-time missions, thereby enhancing their trading experience and obtaining tangible rewards.
- Low Participation Threshold: Traders can start earning points with a minimum trade of 10 USDT, and those who trade consecutively receive bonus points, encouraging users to remain active and increase trading frequency, which enhances user retention on the platform.
- Diverse Reward Offerings: The event features rewards such as Boost Coupons, Bybit VIP Trial Passes, and airdrop rewards of up to 100 USDT, incentivizing users to actively participate and increase trading activity, further driving the platform's trading volume growth.
- Expanding User Base: As the world's second-largest cryptocurrency exchange serving over 80 million users, Bybit's event not only boosts trading motivation but also solidifies its market position in decentralized finance through strategic partnerships with blockchain protocols.
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Technical Analysis for MAGIC
Technical Sentiment Analysis for Treasure (MAGIC). As of , Treasure (MAGIC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAGIC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAGIC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Treasure (MAGIC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0465 | 0.0522 | 0.0576 | 0.0633 | 0.0687 | 0.0744 | 0.0798 |
| Fibonacci | 0.0522 | 0.0564 | 0.059 | 0.0633 | 0.0675 | 0.0701 | 0.0744 |
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