2026-01-11 11:27:04

MAGMA faces selling pressure, with the decline expanding to 11.6%, and the current price dropping to $0.138. Profit-taking surged after listing, coupled with the end of incentives from a major exchange, directly breaking through the key support at $0.142. The price has fallen with 20x leverage amplification and is testing the lows after TGE. Bulls want to turn the tide? They need to take down the $0.146 level to have a chance. The support at $0.135 below must also be closely watched; this is the last line of defense.

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ForumLurker

· 16h ago

Oh no, it's the old trick of profit-taking and running away. Playing with 20x leverage is really exciting.

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HashRateHustler

· 01-11 15:10

20x leverage directly blows up, this is the real "amplification"

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CryptoSurvivor

· 01-11 11:57

It's the same old trick. As soon as the exchange withdraws incentives, they start dumping. This time, MAGMA's retail investors will have to pay the tuition again.

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MEVEye

· 01-11 11:53

It's the same old trick again—first pump, then dump. 20x leverage is basically a money-sucking machine for retail investors.

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VirtualRichDream

· 01-11 11:49

Damn, it's the same old trick again—profit-taking + policy ending the double kill, 20x leverage blowing up directly.

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PensionDestroyer