The asset looks technically constructive, but the current entry quality is not perfect.
In the current Bull Quiet regime, the best-fit approach is Trend following / buy dips. Trend conditions are constructive and volatility is contained, which usually favors following the move higher and looking for pullbacks instead of fading strength.
Magpie 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 | $0.001308 - $0.001515 | |
| Resistance 1 | $0.002336 - $0.002520 | |
| Resistance 2 | $0.002602 - $0.002744 | |
| Resistance 3 | $0.002752 - $0.002936 | |
| Resistance 4 | $0.005220 - $0.005407 | |
| Active 1 | $0.001632 - $0.002305 |
MGP clears the resistance zone at $0.002336 - $0.002520 and holds above it. That would strengthen the breakout case and shift attention to $0.002602 - $0.002744.
MGP loses the support zone at $0.001308 - $0.001515. That would weaken the setup and open the way toward $0.001308 - $0.001515.
MGP continues trading between $0.001515 and $0.002336. 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 | $0.001731 | Bullish | MGP is trading above the 50-day average. |
| SMA200 | $0.002109 | Bearish | MGP remains below the long-term trend line. |
| EMA50 | $0.001796 | Bullish | MGP is holding above the 50-day exponential average, which supports the recent trend. |
| EMA200 | $0.004170 | Bearish | MGP is below the 200-day exponential average, which keeps the longer-term structure under pressure. |
| RSI (14) | 49.26 | Neutral | RSI (14) is at 49.26, which keeps momentum in a balanced range. |
| Stoch RSI (14) | 8.61 | Oversold | Stoch RSI (14) is low at 8.61, which shows momentum is pressing near its recent lower extreme. |
| MACD | 0.00002974 | Bearish | MACD is below its signal line. |
| ATR | 7.79% | Quiet | Volatility is below its 180-day median. |
| VWMA | $0.001871 | Bearish | Price is below the volume-weighted average. |
| Commodity Channel Index (20) | -54.25 | Neutral | CCI (20) is at -54.25, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $0.00004890 | Bullish | Awesome Oscillator is above zero at $0.00004890, which supports bullish momentum. |
| Williams Percent Range (14) | -75.86 | Neutral | Williams Percent Range (14) is at -75.86, which keeps price in the middle of its recent range. |
| Bull Bear Power (13) | $-0.00002004 | Bearish | Bull Bear Power (13) is negative at $-0.00002004, which suggests sellers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 53.23 | Neutral | Ultimate Oscillator is at 53.23, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.001745 | Bullish | MGP is trading above the Hull Moving Average (9), which supports the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.001819 | Bearish | MGP is trading below the Ichimoku base line, which points to weaker structure. |
Over the past 7 days, Magpie price was most positively correlated with the price of Litecoin (LTC), Optimism (OP), Hedera Hashgraph (HBAR), Stellar (XLM) and OKB (OKB) and most negatively correlated with the price of Venice Token (VVV), Tezos (XTZ), TRON (TRX), BitTorrent (BTT) and Raydium (RAY).
| Name | Correlation |
|---|---|
| Litecoin | 0.706 |
| Optimism | 0.705 |
| Hedera Hashgraph | 0.695 |
| Stellar | 0.652 |
| OKB | 0.648 |
| Name | Correlation |
|---|---|
| Venice Token | -0.708 |
| Tezos | -0.650 |
| TRON | -0.646 |
| BitTorrent | -0.575 |
| Raydium | -0.532 |
Magpie price is positively correlated with the top 10 coins by market cap with a price of 0.329, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.319. Currencies that are positively correlated with Magpie 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 Magpie, a move in one direction for Magpie would translate into a move in the opposite direction for the negatively correlated coin.
