Gaming ecosystem Treasure Chain shuts down mainnet nearly five months after its launch
TreasureDAO Shutdown Announcement: TreasureDAO will shut down its ZKsync-based Treasure Chain on May 30, following the passing of TIP-52, which granted the core team emergency powers to manage the wind-down without further votes. Users are urged to bridge out all assets by the end of May.
Financial Context and Future Plans: The decision to close the chain is part of a cost-reduction strategy due to unsustainable operational costs, with the DAO's runway extended through Fall 2026. Despite the shutdown, the team views this as a necessary step to accelerate product development and ensure future growth.
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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 5 technical signals, shows that 1 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 stock.
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 | 0.0236 | 0.0376 | 0.0529 | 0.0669 | 0.0822 | 0.0962 | 0.111 |
| Fibonacci | 0.0376 | 0.0488 | 0.0557 | 0.0669 | 0.0781 | 0.085 | 0.0962 |
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