Treasure/Bitcoin (MAGICBTC) experienced a 0.47% decline over the past 24 hours, characterized by bearish momentum and low volatility. The cryptocurrency's key support level is identified at 1.54e-06, while resistance is noted at 1.65e-06. Overnight selling led to a spike in volume, which has since decreased, indicating a reduction in bearish pressure. Technical indicators show the Relative Strength Index (RSI) in oversold territory, suggesting a potential short-term rebound. Additionally, the contraction of Bollinger Bands points to a possible breakout in either direction, highlighting the need for traders to remain vigilant.