The asset still looks technically supportive, with multiple signals continuing to back the setup.
In the current Bull Volatile regime, the best-fit approach is Follow the trend, but tighten risk control. The broader trend is still bullish, but price swings are wider and less forgiving, so the upside bias remains intact while execution and risk control need to be tighter.
Magnet support and resistance levels highlight key price zones where buyers and sellers are most active. This section helps identify likely breakout areas, pullback support, overhead resistance, and the current trading range so you can evaluate trend continuation, reversal risk, and near-term crypto price direction.
| Level | Zone | Strength |
|---|---|---|
| Support 1 | $0.00003509 - $0.00004534 | |
| Support 2 | $0.00002734 - $0.00003377 | |
| Resistance 1 | $0.00005193 - $0.00005617 |
MAGNET clears the resistance zone at $0.00005193 - $0.00005617 and holds above it. That would strengthen the breakout case and shift attention to $0.00005193 - $0.00005617.
MAGNET loses the support zone at $0.00003509 - $0.00004534. That would weaken the setup and open the way toward $0.00002734 - $0.00003377.
MAGNET continues trading between $0.00004534 and $0.00005193. In that case, range-trading conditions remain active.
Technical indicators help summarize trend, momentum, volatility, and key price levels. They should not be used in isolation, but they can help identify whether a coin is trending, ranging, overextended, or approaching an important support or resistance level.
| Indicator | Value | Signal | Interpretation |
|---|---|---|---|
| SMA50 | $0.00003635 | Bullish | MAGNET is trading above the 50-day average. |
| SMA200 | $0.00003044 | Bullish | MAGNET remains above the long-term trend line. |
| EMA50 | $0.00003885 | Bullish | MAGNET is holding above the 50-day exponential average, which supports the recent trend. |
| EMA200 | $0.00004109 | Bullish | MAGNET is above the 200-day exponential average, which keeps the longer-term structure constructive. |
| RSI (14) | 59.61 | Neutral | RSI (14) is at 59.61, which keeps momentum in a balanced range. |
| Stoch RSI (14) | 0.00 | Oversold | Stoch RSI (14) is low at 0.00, which shows momentum is pressing near its recent lower extreme. |
| MACD | 0.0₅3929 | Bearish | MACD is below its signal line. |
| ATR | 7.83% | Volatile | Volatility is above its 180-day median. |
| VWMA | $0.00004519 | Bullish | Price is above the volume-weighted average. |
| Commodity Channel Index (20) | 43.67 | Neutral | CCI (20) is at 43.67, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $0.0₅8989 | Bullish | Awesome Oscillator is above zero at $0.0₅8989, which supports bullish momentum. |
| Williams Percent Range (14) | -59.48 | Neutral | Williams Percent Range (14) is at -59.48, which keeps price in the middle of its recent range. |
| Bull Bear Power (13) | $0.0₅1302 | Bullish | Bull Bear Power (13) is positive at $0.0₅1302, which suggests buyers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 45.65 | Neutral | Ultimate Oscillator is at 45.65, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.00004798 | Bearish | MAGNET is trading below the Hull Moving Average (9), which weakens the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.00004312 | Bullish | MAGNET is trading above the Ichimoku base line, which supports bullish structure. |
Over the past 7 days, Magnet price was most positively correlated with the price of Solana (SOL), Pudgy Penguins (PENGU), Bittensor (TAO), Sun Token (SUN) and Injective (INJ) and most negatively correlated with the price of Curve DAO Token (CRV), Filecoin (FIL), Pyth Network (PYTH), Uniswap (UNI) and JUST (JST).
| Name | Correlation |
|---|---|
| Solana | 0.931 |
| Pudgy Penguins | 0.901 |
| Bittensor | 0.899 |
| Sun Token | 0.853 |
| Injective | 0.836 |
| Name | Correlation |
|---|---|
| Curve DAO Token | -0.627 |
| Filecoin | -0.609 |
| Pyth Network | -0.596 |
| Uniswap | -0.551 |
| JUST | -0.540 |
Magnet price is positively correlated with the top 10 coins by market cap with a price of 0.035, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.178. Currencies that are positively correlated with Magnet indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Magnet, a move in one direction for Magnet would translate into a move in the opposite direction for the negatively correlated coin.
