Layer 2 · rank #905

Treasure MAGIC

MAGIC cycle analysis · chart, confirmed lows and fundamentals

$0.0943-1.6% 1d-12.4% 7d+87.6% 30d

Phoenix · monthly · score 65 mixed

43.5% below its 365-day high of $0.1669 (2025-11-08), +146.3% off the 365-day low. Snapshot 2026-10-21 UTC.

From the peak to today, log scale
0.03940.1930.94552024-052025-072026-10low 0.0383 (98%)false bottommonthly trigger 0.046
Where it stands

Not on the Broken Coins list.

Not on the Broken Coins list: 44% below its rolling 365-day high, under the 50% Watch line, and no crash trigger.

Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.

Phoenix monthly: stopped falling by the rules, +146.3% above the Jul 2026 trough. Details below.

What changed

Since the previous scan.

Tier, recovering badge and Phoenix state are unchanged between these two observations.

Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.

Recorded timeline →

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

Monthly 2U

Last bars
2Dr 2Dg 2Ug 2Ug 2Ug
Confirmed low
$0.0383 · 2026-07-31
Position
3 of median 8.5 (max 13)
Current low
$0.0383 · confirmed
Cycle-low confidence
34% · in band
Confirmed lows
5

Weekly 2D

Last bars
2Ug 1g 2Ug 1r 2Dr
Confirmed low
$0.0408 · 2026-09-20
Position
5 of median 4 (max 18)
Current low
$0.0408 · confirmed
Cycle-low confidence
50% · in band
Confirmed lows
36

Daily 1

Last bars
2Dr 2Dr 2Dr 2Dg 1r
Confirmed low
$0.0924 · 2026-10-11 (daily)
Position
10 of median 5.0 (max 19)
Current low
$0.0928 · unconfirmed
Confirms above
$0.0980
Cycle-low confidence
46%
Confirmed lows
253
The full read, in sentences
  • Monthly: forming bar is a green 2-Up. Last confirmed swing low 0.0383 (Jul 2026), month 3 of a cycle that has typically run 8.5. Cycle-low confidence 34%.
  • Weekly: forming bar is a red 2-Down. Last confirmed swing low 0.04078 (Sep 2026), week 5 of a cycle that has typically run 4. Cycle-low confidence 50%.
  • Daily: bar is a red inside bar. Last confirmed swing low 0.09242 (2026-10-11), day 10 of a cycle that has typically run 5. Current low 0.0928 is unconfirmed — it confirms above 0.09799. Cycle-low confidence 46%.
  • Phoenix: 98% decline over 28 months, monthly swing low confirmed (next-bar), now +146% above the trough; pullback #2 confirmed 2026-09-27.
  • Gauges: Mayer multiple 1.72 (neutral); -81% vs the 200-week average; -96% from the all-time high.

Has Treasure bottomed?

A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the MAGIC snapshot records on 2026-10-21 UTC:

Monthly: the last confirmed swing low is $0.0383 from 2026-07-31. The current candidate is marked confirmed. The latest monthly bar is still forming.

Weekly: the last confirmed swing low is $0.0408 from 2026-09-20. The current candidate is marked confirmed. The latest weekly bar is still forming.

Daily: the last confirmed swing low is $0.0924 from 2026-10-11. A newer candidate at $0.0928 is unconfirmed; its confirmation level is above $0.0980, provided the candidate low is not undercut first.

How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.

How far is Treasure below its high?

The Coinbase price snapshot is 43.5% below its rolling 365-day high of $0.1669 from 2025-11-08. Separately, CoinGecko reports -98.5% relative to its all-time high of $6.32 in the fundamentals snapshot pulled 2026-10-21.

Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.

The recorded history

scan observations, not exact transition times

First observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.

  1. Amber List; recovering · Phoenix monthly → Phoenix monthly
  2. Red List; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
  3. Amber List; recovering · Phoenix monthly → Red List; recovering · Phoenix monthly
  4. First observed: Amber List; recovering · Phoenix monthly

Phoenix

stopped falling, by the rules
Peak
$1.58 · Mar 2024
Trough
$0.0383 · Jul 2026
Decline
-97.6% over 28 months
Above trough
+146.3%
Monthly
confirmed (next-bar) · trigger $0.0460
Weekly
confirmed (next-bar)
False bottom
$0.1098 · Jun 2025 (2 higher highs, then undercut)
Entry
pullback #2 low $0.0408 confirmed 2026-09-27 · trigger $0.0512
Score 65
decline30
confirmation25
earliness0
stale0
false bottom10
bluechip0

Fundamentals

CoinGecko + DefiLlama, pulled 2026-10-21 .xlsx
Health72 / 100 · Strong
Liquidity (24h volume / market cap)
can you get out
43.08 %15.0 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
1.03 x14.8 / 15
Size (market-cap rank)
survivorship
905 #0 / 15
Age on Coinbase
survived a cycle
3.9 yrs9.6 / 10
usagecould not look — no source data
tvlcould not look — no source data
momentumcould not look — no source data

4 of 7 measurable; score renormalized over what was measurable.

Market cap
$19.4M
Fully diluted
$20.0M
24h volume
$8.4M
Circulating
337,598,461 of 347,714,007 max
All-time high
$6.32 · 2022-02-19 (-98.5%)
TVL
$0 (protocol)
Fees 30d
—
Revenue 30d
—
Fees 1y
—
Mayer multiple
1.715 · neutral
vs 200-week avg
-80.8%
Pi cycle
0.386
On Coinbase since
2022-12-08 (1414 bars)
CoinGecko id
magic check

Continue your cycle research

How to read a crypto cycle chart · Calculation rules and sources