Crypto Market Movers in the Last 6 Hours: MAGIC, XRP, STRAX, FORM, CHESS, QUICK, BCH
MAGIC +11.01%
MAGIC is the native token of TreasureDAO, a decentralized gaming and metaverse platform. Recently, MAGIC experienced a sharp surge, with prices jumping over 40% in one day and triggering a $267 million trading frenzy.
#MAGIC has gained momentum following its listing on Binance and a technical breakout above key resistance levels. The project focuses on creating interoperable gaming assets and a vibrant NFT ecosystem, attracting increased trader interest.
Given the strong volume and breakout support, MAGIC’s price is likely to continue rising in the short term. However, traders should watch for potential profit-taking after such a rapid spike.
Detailed technical indicators analysis for MAGIC/USDT:USDT
MAGIC/USDT:USDT – Score: 8.5, Price: 0.1675
Scalping Potential: Low, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 5
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ❌ None
- Support Bounce: ❌ None
- Volume Pattern: ⚪ Neutral
- Risk/Reward: ⚪ Fair
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ❌ None
⚠️ Warning signals
- 🟠 Overbought RSI (Medium Risk, 15m): RSI is overbought (77.01) on the 15m chart, monitor for potential pullback
- 🟠 RSI Divergence (Medium Risk, Multiple): RSI is falling on 15m but rising on 1h charts, potential short-term exhaustion
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
- 🟡 MACD Divergence (Low Risk, Multiple): MACD is bullish on 1h but not on 15m chart, short-term momentum may be fading
Timeframe analysis
— 15m Timeframe (Score: 3.5) —
- RSI: 77.01 (falling, overbought) – Neutral
- MACD: Histogram: -0.0020231737174841 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 1.0836479537709 above average – Bullish
- S/R: Neutral – Neutral
— 1h Timeframe (Score: 5) —
- RSI: 68.01 (rising, neutral) – Bullish
- MACD: Histogram: 0.0012894527742195 – Bullish
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.63573926000181 above average – Neutral
- S/R: Neutral – Neutral
XRP
XRP surged 7.86% recently amid positive developments including an ETF launch and updates on its ongoing lawsuit. These factors have reignited investor confidence in the token.
#XRP is known for its fast cross-border payment solutions and has been under legal scrutiny by the SEC. The recent lawsuit progress combined with new ETF products tied to XRP has boosted market sentiment.
The upward momentum may sustain if legal clarity continues improving and ETF adoption grows. However, regulatory uncertainties still pose risks to XRP’s price stability.
Detailed technical indicators analysis for XRP/USDT:USDT
XRP/USDT:USDT – Score: 9, Price: 2.2376
Scalping Potential: Medium, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 1h
Bullish Signals: 4
Entry condition analysis
- RSI Zone: Fair entry zone
- Pullback: ❌ None
- Support Bounce: ⚡ Moderate
- Volume Pattern: ❌ Poor
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ⚡ Moderate
- Price Pattern: ✅ Retest
⚠️ Warning signals
- 🔴 Low Volume Signal (High Risk, 1h): Strong technical signal with very low volume support (0.059186398563762x) on 1h chart
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 2.25220000 (0.66% away)
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 2.25220000 (0.65% away), 2.25330000 (0.7% away), 2.25630000 (0.84% away)
- 🟡 MACD Divergence (Low Risk, Multiple): MACD is bullish on 1h but not on 15m chart, short-term momentum may be fading
Timeframe analysis
— 15m Timeframe (Score: 3) —
- RSI: 36.23 (rising, neutral) – Bullish
- MACD: Histogram: -0.0044609522040628 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0.50259485065328 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 6) —
- RSI: 18.78 (rising, oversold) – Bullish
- MACD: Fresh Bullish Crossover! Histogram: 0.00098169159539625 – Bullish
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0.059186398563762 above average – Neutral
- S/R: Near Support – Support
STRAX +7.69%
STRAX, the utility token powering the Stratis blockchain platform, saw mixed price action with a slight decrease of 3.38% followed by a 3.84% rebound. Stratis enables Microsoft developers to build blockchain solutions using familiar languages.
#STRAX is integral for transaction fees, smart contract execution, and staking within the Stratis ecosystem. Recent token swap announcements have kept the community engaged despite short-term volatility.
STRAX’s price could stabilize or modestly increase as network utility expands and token swaps complete. However, it faces competition from other developer-focused blockchains which may limit upside.
Detailed technical indicators analysis for STRAX/USDT:USDT
STRAX/USDT:USDT – Score: 4, Price: 1.4174
Scalping Potential: Low, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 0
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ❌ None
- Support Bounce: ❌ Weak
- Volume Pattern: ❌ Poor
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ❌ None
⚠️ Warning signals
- 🔴 Extreme Overbought RSI (High Risk, 15m): RSI is extremely overbought (100.00) on the 15m chart, high reversal risk
- 🔴 Extreme Overbought RSI (High Risk, 1h): RSI is extremely overbought (100.00) on the 1h chart, high reversal risk
- 🟠 Volume Confirmation Missing (Medium Risk, 15m): Strong price movement without volume confirmation on 15m chart
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 1.41740000 (0% away), 1.41740000 (0% away), 1.41740000 (0% away)
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 1.41740000 (0% away), 1.41740000 (0% away), 1.41740000 (0% away)
Timeframe analysis
— 15m Timeframe (Score: 2) —
- RSI: 100.00 (flat, overbought) – Neutral
- MACD: Histogram: 0 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 2) —
- RSI: 100.00 (flat, overbought) – Neutral
- MACD: Histogram: 0 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0 above average – Neutral
- S/R: Near Support – Support
FORM +4.1%
FORM token debuted on Binance with an initial 12% surge following the upcoming BNX-to-FORM token swap scheduled for March 21. This rebranding event has generated significant market excitement.
#FORM blends GameFi, DeFi, and meme elements into its ecosystem, aiming to capture diverse user segments. The recent rally reflects growing trader anticipation ahead of the token swap and new platform features.
The price trajectory looks bullish in the near term as demand builds around the swap event. Caution is advised post-swap as volatility may increase once initial hype subsides.
Detailed technical indicators analysis for FORM/USDT:USDT
FORM/USDT:USDT – Score: 6, Price: 2.6348
Scalping Potential: Low, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 1h
Bullish Signals: 2
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ⏳ Forming
- Support Bounce: ❌ Weak
- Volume Pattern: ❌ Poor
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ❌ None
⚠️ Warning signals
- 🔴 Low Volume Signal (High Risk, 1h): Strong technical signal with very low volume support (0.080838317096921x) on 1h chart
- 🟠 Overbought RSI (Medium Risk, 1h): RSI is overbought (79.11) on the 1h chart, monitor for potential pullback
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 2.64320000 (0.33% away), 2.66320000 (1.09% away)
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 2.65000000 (0.58% away), 2.67540000 (1.54% away)
Timeframe analysis
— 15m Timeframe (Score: 2) —
- RSI: 35.29 (falling, neutral) – Neutral
- MACD: Histogram: -0.00063632590873014 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0.3432175209265 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 4) —
- RSI: 79.11 (falling, overbought) – Neutral
- MACD: Histogram: -0.0067074310925465 – Neutral
- Moving Averages: ✅ Golden Cross! ✅Price Above Short MA: Yes – Bullish
- Volume: 0.080838317096921 above average – Neutral
- S/R: Near Support – Support
CHESS +3.75%
CHESS token from Tranchess recorded a 22% jump recently driven by its unique utility in yield farming and governance within its decentralized finance ecosystem.
#CHESS serves as both a governance token and yield enhancer in Tranchess’s structured DeFi products. High liquidity and active community participation have supported this strong price movement.
The token is poised for further gains if user engagement continues to rise and new product features roll out. Nonetheless, DeFi market fluctuations could impact short-term performance.
Detailed technical indicators analysis for CHESS/USDT:USDT
CHESS/USDT:USDT – Score: 8, Price: 0.07492
Scalping Potential: Medium, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 4
Entry condition analysis
- RSI Zone: Fair entry zone
- Pullback: ❌ None
- Support Bounce: ⚡ Moderate
- Volume Pattern: ❌ Poor
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ✅ Retest
⚠️ Warning signals
- 🟠 Volume Confirmation Missing (Medium Risk, 15m): Strong price movement without volume confirmation on 15m chart
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 0.07478000 (0.19% away), 0.07535000 (0.57% away), 0.07559000 (0.89% away)
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 0.07559000 (0.89% away), 0.07563000 (0.95% away)
Timeframe analysis
— 15m Timeframe (Score: 4) —
- RSI: 62.50 (rising, neutral) – Bullish
- MACD: Histogram: -0.00010917114307748 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.38844386906962 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 4) —
- RSI: 67.64 (rising, neutral) – Bullish
- MACD: Histogram: -0.00010044962655672 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.10394282752259 above average – Neutral
- S/R: Near Support – Support
QUICK +2.29%
QUICK token from Polygon-based QuickSwap surged over 41% within 24 hours after bottoming out earlier this year. The rally signals renewed bullish sentiment among traders.
#QUICK powers QuickSwap’s decentralized exchange on Polygon, facilitating fast and low-cost transactions. Recent token burning events and increased trading volume have contributed to its price recovery.
If bullish momentum persists supported by network activity growth, QUICK could see further upside. However, broader market conditions remain a key factor for sustained gains.
Detailed technical indicators analysis for QUICK/USDT:USDT
QUICK/USDT:USDT – Score: 7, Price: 0.0281
Scalping Potential: Medium, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 3
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ⏳ Forming
- Support Bounce: ❌ Weak
- Volume Pattern: ❌ Poor
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ⚪ Consolidation
⚠️ Warning signals
- 🟠 RSI Divergence (Medium Risk, Multiple): RSI is falling on 15m but rising on 1h charts, potential short-term exhaustion
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 0.02819000 (0.32% away), 0.02819000 (0.32% away), 0.02827000 (0.6% away)
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 0.02856000 (1.64% away)
Timeframe analysis
— 15m Timeframe (Score: 3) —
- RSI: 45.90 (falling, neutral) – Neutral
- MACD: Histogram: -0.00014940121360045 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.50371000304802 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 4) —
- RSI: 58.90 (rising, neutral) – Bullish
- MACD: Histogram: -1.5419800872029E-5 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.11356983668758 above average – Neutral
- S/R: Near Support – Support
BCH +2.25%
Bitcoin Cash (BCH) experienced a decline of about 3.5% amid general market weakness and challenges with its difficulty adjustment algorithm. Despite this, BCH remains a prominent Bitcoin fork focused on peer-to-peer electronic cash transactions.
#BCH’s network issues have caused oscillatory mining behavior impacting stability. Additionally, recent drops coincide with broader crypto market sentiment dips and the conclusion of Mt. Gox repayment plans affecting liquidity.
BCH’s price may face continued pressure until technical fixes are implemented or positive catalysts emerge. Investors should monitor network upgrades closely alongside overall market trends.
Detailed technical indicators analysis for BCH/USDT:USDT
BCH/USDT:USDT – Score: 5, Price: 477.97
Scalping Potential: Medium, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 1
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ⏳ Forming
- Support Bounce: ❌ Weak
- Volume Pattern: ❌ Poor
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ❌ None
⚠️ Warning signals
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 478.64000000 (0.14% away), 479.93000000 (0.41% away)
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 474.10000000 (0.81% away), 483.98000000 (1.26% away)
Timeframe analysis
— 15m Timeframe (Score: 2) —
- RSI: 31.71 (falling, neutral) – Neutral
- MACD: Histogram: -0.87144636971663 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0.55200644506185 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 3) —
- RSI: 60.36 (falling, neutral) – Neutral
- MACD: Histogram: -1.1113557659904 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.11677616607294 above average – Neutral
- S/R: Near Support – Support
