Treasure NFT Faces Pyramid Scheme Allegations
Allegations Against Treasure NFT: The Treasure NFT project is facing serious accusations of operating as a pyramid scheme, leading to community outrage and distrust towards its leadership due to misleading practices.
Regulatory and Financial Implications: The situation has raised concerns about potential regulatory scrutiny and financial losses for investors, with historical precedents suggesting that similar allegations could result in significant market consequences.
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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 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 | 0.0234 | 0.0375 | 0.0527 | 0.0668 | 0.082 | 0.0961 | 0.111 |
| Fibonacci | 0.0375 | 0.0487 | 0.0556 | 0.0668 | 0.078 | 0.0849 | 0.0961 |
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