MAGIC delivered one of the most volatile performances in the altcoin market on October 9, 2026, with two separate intraday rallies fueled by a sharp increase in social media engagement and speculative trading activity.
During the early session, the token climbed 15.04% in 60 minutes, reaching $0.0765 after opening near a low of $0.0607. At that stage, 24-hour trading volume stood at about $2.32 million, and the asset was up 18.42% over 24 hours. Traders initially identified resistance near $0.08 and support around $0.067.
By later in the day, momentum accelerated significantly. MAGIC jumped another 11% in a single hour, rising from $0.1144 to $0.127, and its 24-hour gain expanded to 92.72%. Trading volume surged to approximately $29.36 million, with a daily high of $0.127 and a low of $0.1053. The move coincided with growing community discussions and rising social media buzz around the token.
Market participants are now watching the $0.130 resistance level closely, while support is seen near $0.115. A decisive break above resistance could extend the rally, while a drop below support may trigger caution. The broader cryptocurrency market remains mixed, but MAGIC's price action highlights how social sentiment can quickly translate into strong short-term trading activity in lower-liquidity altcoins.
