MARA Holdings Shares Drop as Bitcoin Exceeds $90,000 Mark
MARA Holdings Stock Performance: MARA Holdings Inc. is experiencing a decline in stock value, down 6.57% to $11.10, amid a broader sell-off in crypto stocks as Bitcoin falls below $90,000, raising concerns of a potential bear market.
Impact of Bitcoin Price Drop: The drop in Bitcoin prices has led to over $538 million in trader liquidations, negatively affecting sentiment for cryptocurrency miners like MARA, despite the company reporting a 92% year-over-year revenue increase and holding 52,850 BTC.
Analyst Concerns: Analysts have cut price targets for MARA, citing limited near-term visibility and slower hashrate growth, despite the company's strategic moves into AI and power generation to diversify its operations.
Investment Options: Investors interested in MARA can buy shares through brokerage accounts, including fractional shares, or consider shorting the stock through options trading, which involves more complex processes.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
