Bybit Launches New Season of Daily Treasure Hunt Campaign

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 5 days ago

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Expanded Rewards Pool: Bybit's new season of the Daily Treasure Hunt introduces a total of 300,000 USDT in daily rewards, allowing participants to earn football match tickets and XAUT rewards, significantly enhancing user engagement and platform activity.
Lower Participation Threshold: Trading tasks start with a minimum trading volume of just 10 USDT, enabling users to accelerate point accumulation through daily trading and special missions, thereby attracting more new users and increasing trading volume.
Diverse Redemption Options: Participants can redeem points for scratch cards worth up to 1,000 USDT, along with Boost Coupons and VIP Trial Passes, enhancing user experience and increasing customer loyalty.
Event Timeline: The pre-registration period runs from June 2, with the main event from June 9 to July 14, ensuring users have ample time to participate and accumulate points, further driving user growth and market share for the platform.

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Technical Analysis for MAGIC

Technical Sentiment Analysis for Treasure (MAGIC). As of , Treasure (MAGIC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 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	0.0345	0.0387	0.0424	0.0466	0.0503	0.0545	0.0582
Fibonacci	0.0387	0.0417	0.0435	0.0466	0.0496	0.0514	0.0545

About MAGIC

Treasure is the decentralized game console. Founded in 2021, Treasure is a base layer for the next generation of games, powered by its native token $MAGIC. Treasure is a gaming network and blockchain that is built on the ZK Stack by ZKsync, one of Ethereum’s Layer 2 scaling solutions.Treasure is home to over 10 games, with notable titles that include: The Beacon, Wanderers, Zeeverse, and many others.The token was launched in September 2021 so its community could buy and sell in-game NFTs on Treasure. It also acts as a reserve currency for Treasure’s metaverse.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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