Candle

Bitcoin

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MicroStrategy Stock (NASDAQ: MSTR) price corrected around 22% after hitting the 52-week high.</a> </li> 
 <li> <span>2</span> <a>MSTR stock is trying to hold the price above the 50-day EMA.</a> </li> 
 <li> <span>3</span> <a>MicroStrategy Inc beat the EPS estimates but missed the revenue.</a> </li> 
</ul> 
<p>MicroStrategy Stock (NASDAQ: MSTR) price is down by 15.58% in the current month and showed signs of a trend reversal. It corrected 22% (approx.) from the recent swing high and eroded the majority of the previous gains.&nbsp;</p> 
<p>MSTR stock price sustains above the 50-day EMA and 200-day EMA showcasing uptrend. However, sellers are trying to drag the price below the 50-day EMA to reverse the short-term trend.&nbsp;</p> 
<p>At the beginning of July, MicroStrategy stock price breakout of the $350.00 hurdle. At the same time, the buying volume also increased which further boosted the confidence of investors.&nbsp;</p> 
<p>Microstrategy stock price surged 27.88% in the July month and hits a 52-week high at $475.09. Later, prices consolidated for a few weeks near the supply zone but buyers lost the battle and sellers took over the control.&nbsp;</p> 
<p>Presently, MSTR stock is in a short-term correction phase and is likely to retest the $350.00 breakout level. Microstrategy’s stock price closed the previous session at $369.67 with an intraday decline of -1.72%. The market capitalization stands at $5.21 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-microstrategy-stock-price-rebound-from-support-strong"><strong>Will MicroStrategy Stock Price rebound from support?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/pXVjudmVRr5wBEOYXJgqcC1fpHPd0bjEfhuI82ib3URXkU-9jUEYPKZWWeNt1yvY8251Jqq86g4bmDgq6Ru0bhkKgULu586shq9u_WYK50jUtM7wzVAu9gIgOkgUUX0gL9u1rYvrcWBvpoqF783sqw" alt="MicroStrategy Stock: Will MSTR Stock Regain the $400 Mark?"> 
  <figcaption class="wp-element-caption">
    NASDAQ: MSTR daily chart by <a href="https://www.tradingview.com/x/h7Csu5cH/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>MicroStrategy Stock (NASDAQ: MSTR) is declining and sellers seem to be more active as compared to buyers. However, the price is near to the crucial support and buyers are trying their best to rebound.&nbsp;</p> 
<p>MicroStrategy Inc. holds 152,800 Bitcoin in Aug 2023.&nbsp; Presently, Bitcoin Price is also falling and dropping below the $29K mark. It might be one of the reasons for the decline in MSTR stock.&nbsp;</p> 
<p>Till MSTR stock sustains above $350.00 short-term rebound is possible. However, the price will pick up momentum when buyers are able to regain the $400.00 mark.</p> 
<h3 class="wp-block-heading" id="strong-mstr-stock-formed-a-doji-candle-strong"><strong>MSTR Stock Formed a Doji Candle</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_25360"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:MSTR",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_25360"

}

  );

  </script> 
</div>  
<p>MSTR Stock price formed a Doji candle in the previous week. It shows that the responsive buyers are active near the demand zone. However, if situations get worse and the price continues to decline then 5% to 10% more downside will open.&nbsp;</p> 
<p>The MACD curve displayed a negative crossover and slopes down indicating mild bearishness.&nbsp;</p> 
<p>The RSI at 41 slopes denotes weakness but short-term pullback may trigger anytime. The super trend generated a fresh sell signal denoting short-term trends also turned down.</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/03/14/microstrategy-stock-up-16-after-bitcoin-price-strikes-24000/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy Stock (NASDAQ: MSTR)</a> is in the short-term correction phase. If the price drops below the 50-day EMA the more downside will open.&nbsp;</p> 
<p>The technical analysis suggests MSTR stock is near the crucial support, and the probability of regaining the $400 mark is high.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $400.00 and $436.00</li> 
 <li>Support levels: $350.00 and $320.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

MicroStrategy Stock: Will MSTR Stock Regain the $400 Mark?

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Thecoinrepublic.com

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