• Magic Eden’s worth surged greater than 35% because it broke by key resistance at $0.50.
• Quantity surged 1,280% to over $129 million, indicating shopping for strain.
• An upcoming “massive week” and different potential catalysts might enhance Center East bulls.

Magic Eden’s native token ME has skilled a major worth enhance over the previous 24 hours.

We noticed bulls rally amidst a retest of key technical obstacles, with costs rising to intraday highs above $0.60 for the primary time because the October 11 crash.

The altcoin ranks as one of many best-performing shares among the many prime 500 cryptocurrencies by market cap, so consumers are prone to maintain on to key ranges and search for new beneficial properties.

However what helps with short-term pricing?

Magic Eden’s worth elevated by 35%, rating among the many prime increasers

Magic Eden’s ME token is among the standout performers within the cryptocurrency house immediately, in line with knowledge from CoinMarketCap.

The token’s 35% rise previously 24 hours got here amid a stable buying and selling quantity of $129 million. The indicator rose 1,280% previously 24 hours.

This efficiency not solely outperformed the broader market, however dwarfed prime performers similar to Pi Community, Virtuals Protocol, and Zcash.

ZEC was buying and selling at round $270 on October twenty fourth, however was near $350 on the time of writing.

On the technical aspect, ME broke by the important thing hurdle of $0.50 and reached an intraday excessive of $0.60.

Whereas the altcoin is much from its all-time excessive of over $13.24, bulls are rebounding from its all-time low of $0.23.

ME could retest $0.55 or $0.50 earlier than seizing the broader market rally and concentrating on the psychological $1 mark.

An RSI of 60 suggests there may be extra room for bulls to maneuver greater.

What is going to assist enhance the value of Magic Eden?

It seems that a mixture of things ignited this pump.

Of word, the official Magic Eden

The publish obtained greater than 300 likes and sparked widespread hypothesis throughout the group, hinting at impending bulletins and developments that would additional gasoline the platform’s development.

Such communication from mission leaders typically acts as a strong catalyst to draw retail merchants and amplify social sentiment.

ME’s beneficial properties additionally observe group cheer over Fireblocks’ current acquisition of Dynamic, which the platform introduced on October twenty third.

As a serious consumer of Dynamic’s developer platform, Magic Eden might significantly profit from this integration.

Dynamic powers over 50 million on-chain accounts from business leaders similar to Kraken, Ondo Finance, Magic Eden, and zerohash.

Magic Eden’s seamless consumer onboarding and built-in pockets performance for cross-chain NFT transactions.

The deal brings collectively Fireblocks’ institutional-level custody and Dynamic’s agile instruments, creating what executives describe as “the primary full custody-to-consumer stack” for on-chain finance.

Coupled with these platform-specific tailwinds is a rebound within the broader crypto market.

Bitcoin’s rise to $116,000 and Ethereum’s breakout to $4,200 have bulls excited, though the October 2025 rally stays muted because the macroeconomic atmosphere has damage risk-on sentiment.

A key week for cryptocurrencies features a potential rally forward of a Federal Reserve charge reduce, the affect of the US-China commerce deal, and SEC approval for exchange-traded funds (ETFs).

The macroeconomic upswing might additionally spill over into altcoins like Magic Eden.