Crypto
One Day After Losing 29% in an Hour, MAGIC Rose 41% to a New Closing High
Treasure's MAGIC fell to $0.0926 just after midnight on October 11, then climbed all day and closed at $0.1376, up 40.98% and above its pre-crash close. Early on October 12 it touched $0.1468.
On Saturday, Treasure's MAGIC token lost 29% in a single hour and closed the day down 20.65%. It looked like a classic end to a speculative run. On Sunday, October 11, the market changed its mind.
MAGIC opened Sunday at $0.0975 and touched $0.0926 in the first hour, a fresh low after Saturday's collapse. From there, it rose in steps through the day: +9.6% in the 05:00 UTC hour, +8.9% at 07:00 UTC, +7.0% at 12:00 UTC, +6.7% at 17:00 UTC and +6.2% in the last hour of the day. It closed at $0.1376, up 40.98%, on $31.2 million of volume. That was its highest close since November 8, 2025 — above even Friday's close of $0.123, before the crash.
Early on Monday, October 12, it reached $0.1468 in the 02:00 UTC hour, then fell 8.5% in the 04:00 UTC hour to around $0.121. The swings remain extreme in both directions: in four days, MAGIC has gone up 146%, down 40% and up 59% from the low.
We published a bearish setup on MAGIC on Sunday morning, with a daily close above $0.1282 as the invalidation level. Sunday's close of $0.1376 cleared that, so the setup was wrong and is no longer valid. The lesson isn't that the crash didn't matter — it trapped plenty of buyers — but that in a thin market with a strong speculative theme, a collapse can be bought just as aggressively as a breakout. That's exactly the situation an invalidation level exists for.