With Bitcoin regaining momentum, MARA Holdings (MARA) is showing technical signs that could signal a strong rally ahead. Here’s why the chart supports a bullish case:
1. Bullish Technical Breakout
Golden Cross Signal: On the 15-minute chart, MARA has just seen its shorter-term moving average (blue) cross above the longer-term moving average (yellow), highlighted by the red circle. This “golden cross” is often seen as a bullish momentum signal, indicating a potential trend reversal to the upside.
Strong Volume: The recent surge is accompanied by a spike in green volume bars, confirming strong buying interest and supporting the breakout.
2. Clear Upside Target
Target Set at $17.50: The chart highlights a target price of $17.50, which represents a significant upside from the current level around $14.95. This target aligns with previous resistance and could be reached quickly if momentum continues.
3. Bitcoin’s Influence
Crypto Correlation: MARA is highly sensitive to Bitcoin’s price movements. With BTC back on track and showing signs of starting its next leg up, MARA typically amplifies those moves, often rallying harder than Bitcoin itself.
4. Momentum Shift
Breaking Above Resistance: MARA has broken above short-term resistance levels and key moving averages, shifting the momentum from bearish to bullish in the short term.
Room to Run: The next major resistance is near the $16.50–$17.50 zone, giving the stock room for a continued rally if buying pressure persists.
Bottom Line:
MARA’s chart is flashing bullish signals just as Bitcoin is setting up for another potential rally. With a technical breakout, strong volume, and a clear upside target, MARA could be poised for a significant move higher if the crypto market continues to recover.
1. Bullish Technical Breakout
Golden Cross Signal: On the 15-minute chart, MARA has just seen its shorter-term moving average (blue) cross above the longer-term moving average (yellow), highlighted by the red circle. This “golden cross” is often seen as a bullish momentum signal, indicating a potential trend reversal to the upside.
Strong Volume: The recent surge is accompanied by a spike in green volume bars, confirming strong buying interest and supporting the breakout.
2. Clear Upside Target
Target Set at $17.50: The chart highlights a target price of $17.50, which represents a significant upside from the current level around $14.95. This target aligns with previous resistance and could be reached quickly if momentum continues.
3. Bitcoin’s Influence
Crypto Correlation: MARA is highly sensitive to Bitcoin’s price movements. With BTC back on track and showing signs of starting its next leg up, MARA typically amplifies those moves, often rallying harder than Bitcoin itself.
4. Momentum Shift
Breaking Above Resistance: MARA has broken above short-term resistance levels and key moving averages, shifting the momentum from bearish to bullish in the short term.
Room to Run: The next major resistance is near the $16.50–$17.50 zone, giving the stock room for a continued rally if buying pressure persists.
Bottom Line:
MARA’s chart is flashing bullish signals just as Bitcoin is setting up for another potential rally. With a technical breakout, strong volume, and a clear upside target, MARA could be poised for a significant move higher if the crypto market continues to recover.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.