Resistance

Simply

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MARA stock is declining, CMP is $11.28 and it is about to reach the demand zone and traits are visible of an upcoming move.</a> </li> 
 <li> <span>2</span> <a>MARA stock price decreased by 21.69% over the past week and current volume is above average.</a> </li> 
 <li> <span>3</span> <a>Marathon Digital Holdings Inc. ( NASDAQ: MARA) stock’s 52-week price range is around $3 – $19.</a> </li> 
</ul> 
<p>The Marathon Digital stock recently publicized its Q2 earning report on August 8th, 2023, the reported earnings gave a negative surprise by 81.72% from the estimated earnings. Moreover, the reported revenue also gave a negative surprise by 2.02% from the estimated revenue. The MARA stock prices are trading lower since August 15th Tuesday. The stock trend has declined sharply downward since after reporting stock’s second-quarter earnings miss.</p> 
<p>Marathon Digital has a debt-to-equity ratio of 120.3%, as reported by Simply Wall St. This implies that Marathon Digital’s has more debt than equity, which is the difference between Marathon Digital’s total assets of $1.37 Billion and total liabilities of $762.99 Million. Marathon Digital’s debt is $734.23 Million, while its equity is $610.25 Million.</p> 
<p>Marathon Digital experienced a decline in its earnings at a rate of 76.9% per year on average, according to Simply Wall St., a financial website. The energy services industry’s average annual earnings growth is 18.9%. Therefore, Marathon Digital’s earnings are highly below the industry’s average.</p> 
<p>Moreover, Marathon Digital Holdings Inc. (MARA) stock market capitalization is $3.95 Billion and the total revenue is $117.753 Million. Moreover, the stock’s basic EPS is -$3.95 and the price-to-earnings ratio is -4.0.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-mara-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of MARA Stock Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that Marathon Digital Holdings Inc. ( NASDAQ: MARA) stock price was in a swift uptrend from June 16th, and reached a high around $19 since then the MARA stock declined as resistance was high and is in a downtrend from July 14th by making lower lows and highs.&nbsp;</p> 
<p>At the time of publication, the MARA Stock’s current price is trading around $11.28 unable to sustain CMP and facing resistance, and most probably Marathon Digital Holdings Inc. ( NASDAQ: MARA) stock might decline more as buyers have no clear control to hold MARA price and may drop back to the liquidity demand zone as selling pressure is high. Conversely, on reaching at demand zone, either the MARA price might consume liquidity and crash further or takes support and rise.</p> 
<p>Therefore, if Marathon Digital fails to sustain the current level, the MARA price could continue to drag downwards and hit the nearest support levels around $9.20 and $6.91.</p> 
<p>However, if the stock price sustains the current level and the Marathon Digital price increases, then it might reach the nearest resistance levels of $14.25 and $17.75.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/qQcT9YvxgyJ3m48_f6ZyPdc4rYolOwPw41sIOmUtPZe_4CgDEAGONFZkapBYLq2Hc23DeaS_-gG1XIKQB0EwWdLMrexs0xjQxfj9DA1abK2oS_95J7f4YEB4NrwiIcI-SWWyd2a7KlsrS6gMCY5xUok" alt="MARA Stock Forecast: Can $10 Reverse (NASDAQ: MARA) Stock Price?"> 
  <figcaption class="wp-element-caption">
    Source: MARA.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, Marathon Digital Holdings Inc. (NASDAQ: MARA) is trading below the 20, 50, 100, and 200-day exponential moving average (EMA), which declines the <a href="https://www.thecoinrepublic.com/2023/08/06/marathon-digital-stock-will-mara-stock-recover-after-earnings/" rel="noopener noreferrer nofollow">Marathon Digital price (MARA)</a>&nbsp; trend.&nbsp;</p> 
<p>Furthermore, if more selling volume rises in MARA stock then the price might capture in-between support by making lower highs and lows.</p> 
<p>Hence, the Marathon Digital price is anticipated to fall downwards as EMA’s are showing a bearish outlook over Marathon Digital Holdings Inc’s daily time frame chart.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/IK3fVeKzv7W8DBlmtHrGKhDSX8AI0GXiuvu4-vFm76LA6on8h6WR-lPdF4zeJK3NWM7ti6Li5l4SSHM98pGYFVt18iN9_N86f54lfVXSNP12epSsM1quJPan0Cdb7E8CUxlT7Au5KKRmdm2xljudA1k" alt="MARA Stock Forecast: Can $10 Reverse (NASDAQ: MARA) Stock Price?"> 
  <figcaption class="wp-element-caption">
    Source: MARA.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The current value of RSI is 29.38 points. The 14 SMA is below the median line at 45.61 points which indicates that MARA stock is in bearish territory and the RSI took rejection from 14 SMA and is headed towards an oversold zone indicating bearishness in MARA stock.</p> 
<p>The MACD line at 0.6755 and signal line at 0.0720 are below the zero line and both lines have crossed each other. A bearish crossover is noticed in the MACD oscillator which expresses bearishness as the histogram gap is increasing for the Marathon Digital stock price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/06/marathon-digital-stock-will-mara-stock-recover-after-earnings/" rel="noopener noreferrer nofollow">Marathon Digital Holdings Inc (NASDAQ: MARA) stock,</a> price action highlights bearish views at the time of publishing. The stock also highlights that the investors and traders of the MARA stock price are pessimistic over the daily time frame(1-D). The technical analysis tools of Marathon Digital’s stock price also support bearishness. The EMA, RSI, and MACD mostly sought reliable oscillators that highlight downward signals in MARA stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: The nearest support levels for MARA stock price are $9.20 and $6.91.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels for the MARA stock price are $14.25 and $17.75.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

MARA Stock Forecast: Can $10 Reverse (NASDAQ: MARA) Stock Price?

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