Doing better than the market
The total crypto market is −3.3% in 24 hours. MAGMA is +33%, 36% better than the market, so part of the move is specific to Magma Finance.
Why is the crypto market moving? →
why / magma
Why is Magma Finance up today?
Magma Finance (MAGMA) is up 33% in the last 24 hours, trading at $0.3737. That is 36% better than the whole crypto market (−3.3%), so part of the move is specific to Magma Finance. It has been moving on its own rather than with Bitcoin (−3.5%).
MAGMA 24h+33.22%
Whole market 24h−3.26%
Bitcoin 24h−3.52%
Link to BTC (30d)-0.21
Volume vs normal—
Decentralized Finance (DeFi) sector−3.84%
signals
What is moving Magma Finance
Strongest signals first.
Moving on its own, not with Bitcoin
Over the last 30 days, MAGMA's daily moves had a -0.21 correlation with Bitcoin (1 means identical direction). That is low: MAGMA has mostly moved on its own lately, while Bitcoin is −3.5% today.
Bitcoin price →The Decentralized Finance (DeFi) sector is down
Magma Finance is part of the Decentralized Finance (DeFi) sector, which is −3.8% today. MAGMA is moving against its sector, which points to coin-specific news or trading.
Decentralized Finance (DeFi) sector →A bounce inside a falling week
Despite today's +33%, MAGMA is still −14% over 7 days and +99% over 30 days.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of MAGMA positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Magma Finance
faq
Questions
Why is Magma Finance up today?
Magma Finance (MAGMA) is up 33% in the last 24 hours, trading at $0.3737. That is 36% better than the whole crypto market (−3.3%), so part of the move is specific to Magma Finance. It has been moving on its own rather than with Bitcoin (−3.5%).
Will Magma Finance go back down?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: MAGMA is −13.96% over 7 days and +98.57% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, MAGMA's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.