MAGIC Falls 10.07% in One Hour to $0.1179 After Volatile Period

The MAGIC token fell 10.07% in one hour to $0.1179 on Oct. 12, marking a price reversal after it reached a daily high of $0.1464.

Twenty-four-hour trading volume totaled $38,238,966.93. Despite the sharp hourly decline, MAGIC remained up 15.70% over the same 24-hour period as cryptocurrency markets showed mixed signals.

The move followed a volatile period for the token. MAGIC also rose 10.87% in one hour during the previous session, when it remained down 28.67% over 24 hours.

The $0.1179 level was being watched as support after the decline, while resistance was near $0.131. No single catalyst was identified for the move.