MAGMA: Surges 70% as Aster DEX Longs Hit $340K Profit

MAGMA surged over 70% today as two wallets opened 2x longs totaling 1.5M tokens ($775K) on Aster DEX and now sit on $340K unrealized profit with returns up to 105.84%.

Price action at $0.51 shows a bullish trend structure above the EMA50 at $0.29 and EMA200 at $0.25 while the MACD golden cross at 0.05 confirms momentum. With price testing upper Bollinger resistance at $0.47 and RSI(14) at 82.94 flashing overbought, a healthy retracement toward the 50-EMA support at $0.29 appears probable before further continuation.