MAGIC Token Surge +12.73% Rebound or Just a Short Lived Pump? Quick Hive Community Update

As of February 7, 2026, the MAGIC token (Treasure DAO) has surged +12.73% in the last 24 hours, reaching $0.0735 on Binance. The chart shows a sharp green candle breaking above key EMAs (25/50/100 around $0.066–0.067), with trading volume exploding to over 91 million MAGIC way above average.

Why the pump?
This looks like a classic technical rebound from oversold levels. The price had dropped to a 24h low of $0.0629, with RSI deep in oversold territory after months of heavy downtrend (-98% from its all-time high of $6.32 back in 2022). The spike in volume suggests short covering and quick buyers jumping in for a relief rally. No major fresh news today no new AI agent launches, partnerships, or DAO updates. Treasure DAO has been struggling since 2025 (layoffs, game shutdowns, pivot away from full gaming focus, runway only until end of 2026), so this feels more like short term momentum than the start of a big bull run.
What does it mean for us in Hive/InLeo?
MAGIC is a gaming Web3 token with no direct tie to our ecosystem (LEO, HIVE, DASH rewards), but rebounds like this often boost overall crypto sentiment and bring more eyes to smaller altcoins. If MAGIC holds or climbs further, it could inspire more discussion about gaming tokens here.

Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are extremely volatile and risky. The author may hold positions in mentioned assets. Always conduct thorough research and never invest more than you can afford to lose.