Jan. 25 at 1:29 AM
$MAGS: has done little since reaching its all-time high in late October 2025. The price movement has been mostly sideways, suggesting a triangle pattern may be forming. Last Tuesday, a large bearish gap driven by political news pushed the price into high oversold territory, leading to a notable rally; however, the rally occurred on not an impressive trading volume. It's a positive sign that the price broke through the descending trendline that originated from the December lower high. On Friday, it closed at a resistance level that aligns with the 0.5 retracement, marking a step in the right direction for recovery. Now, the price needs to establish a higher low to solidify this upward movement.
