Top Crypto Partnerships of the Week

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 25 2024

MAGIC-6.622%

TRUF-2.6399999%

MOVE-2.966%

Should l Buy MAGIC?

Crypto Partnerships Overview: Several notable partnerships in the crypto space are emerging, including Kima Network's collaboration with Stability World AI to enhance Web3 offerings, LiveArt's partnership with Magic Eden for fractional art ownership, and Truflation's alliance with Scannit Inc. to improve economic data transparency.
Impact on DeFi and Innovation: Movement has teamed up with Gate Ventures to promote DeFi utilization through a $20M fund, while Bitfinity Network's partnership with BQ Labs aims to advance decentralized finance applications on Bitcoin, showcasing the interconnectedness and innovation within the cryptocurrency ecosystem.

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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 3 technical signals, shows that 0 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 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	0.0224	0.037	0.0532	0.0678	0.084	0.0986	0.115
Fibonacci	0.037	0.0488	0.056	0.0678	0.0796	0.0868	0.0986

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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