How Nigeria’s Crypto Craze Keeps Going Despite the Market’s Napping

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The beginning of August, folks, has rolled in with the global crypto scene taking a cozy nap. Over the past week, the whole darn market’s lost over 5%, like it’s got a bad case of the Mondays—less hustle, more fuss, and investors nibbling their nails instead of trading.

But here’s the twist—Nigeria’s retail crypto fans are still fired up, showing off more energy than a squirrel on espresso. Let’s take a look at the top three coins that’ve got the Nigerian buzz, all based on who’s been talking and clicking the most online in the past 24 hours:

CORE

Layer-1 (L1) darling CORE is making waves, or at least trying to. Right now, it’s trading at a cool $0.46—down a modest 3%, as if it’s just tired after a long day. 

Trading volume? It’s shrunk by over 5%, which makes it look like say, folks are watching it and not quite ready to jump in. When the price and the volume both go down, it’s like the market’s got a case of the blahs—lack of confidence, or maybe just the market’s taking a quick nap.

Look at the chart, and CORE’s hanging below that stubborn resistance at $0.47—and if selling picks up, it might slide down to a cozy support at $0.33. Yikes! Or, if some brave souls come back and buy in, it could rally back to $0.55, turning that tough resistance into a stepping stone.

Want more crypto gossip and market shenanigans? Sign up for Harsh Notariya’s Daily Crypto Newsletter, and get the scoop before it’s old news.

Treasure (MAGIC)

Now, about MAGIC—an artificial intelligence-powered token that’s got Nigerians buzzing. Unlike most of its sluggish peers, MAGIC did a bit of a jig, jumping 26% in a day, trading at $0.18 like it’s got a mind of its own.

Charts suggest this isn’t just luck or a quick gamble; it’s more like folks genuinely believe in MAGIC. The Balance of Power indicator’s sitting pretty at 0.34, showing folks are bullish rather than just making a quick buck to buy a Coke.

If this bullish spirit keeps up, MAGIC might dash toward $0.21, just like early July—fingers crossed, no sudden reversals. But watch out—if investors decide to lock in profits, it might trim back down to $0.14, like the tide pulling away from the beach.

Dogecoin (DOGE)

And then there’s DOGE, the meme coin that’s as unpredictable as a cat on a hot tin roof. Since hitting a high of $0.28 on July 21, it’s slipped about 10%. Now, it’s hanging around at $0.19—down 5% in a day, looking a bit sad, frankly.

The Relative Strength Index (RSI)—that handy little gauge—says DOGE is losing steam, sitting at about 40.64, and dropping. It’s like the coin’s tired of all the hoopla and thinks maybe it’s time for a nap or a further tumble below $0.17.

If the buying frenzy doesn’t pick up soon, we might see DOGE dip even lower—like a climber slipping down without a safety net. But if some bullish enthusiasm returns, it might bounce back to $0.23, as lively as a dance hall on Saturday night.

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2025-08-02 12:11