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MAGIC Surges 26% While CORE and DOGE Decline in Nigeria’s Crypto Market

Nigerian cryptocurrency investors observed divergent price movements among notable altcoins as MAGIC showcased strong bullish momentum while CORE and DOGE faced selling pressure. The contrasting performances highlight shifting investor sentiment within the region’s active digital asset market.

CORE declined by 3% to trade at $0.46, accompanied by a 5% reduction in trading volume. This downturn suggests weakening demand as the token struggles below the $0.47 resistance level, with diminishing market participation indicating heightened investor caution.

MAGIC emerged as the standout performer with a 26% rally to $0.18, supported by a balanced technical structure and robust buying activity. Its positive Balance of Power reading of 0.34 confirms sustained bullish momentum under current market conditions.

DOGE fell 5% to $0.19, with its Relative Strength Index dipping to 41.10. This points to declining investor interest and potential for further downside amid persistent selling activity across markets.

Technical analysis indicates CORE’s consolidation may continue beneath resistance thresholds. MAGIC appears positioned to challenge the $0.21 level should its upward trajectory persist, while DOGE risks testing support near $0.17 unless market sentiment reverses. A significant shift in trading patterns could potentially propel DOGE toward the $0.23 resistance zone.

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