Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Microstrategy stock price (NASDAQ: MSTR) fell 18% in August 2023.</a> </li> 
 <li> <span>2</span> <a>MSTR stock price drops below the 50-day EMA but still holds a 200-day EMA.</a> </li> 
 <li> <span>3</span> <a>The bullish momentum in Microstrategy Inc. stock is lost.</a> </li> 
</ul> 
<p>Microstrategy Inc., MSTR stock price lost bullish momentum and fell approximately 18% in August 2023. It declined by forming lower low swings and eroded a big portion of the market capitalization.&nbsp;</p> 
<p>Microstrategy stock price drops below the 50-day EMA indicating that the short-term trend reversed downward. However, the prices still hold the 200-day EMA which is acting as strong support for the bulls.&nbsp;</p> 
<p>At the beginning of July, MSTR stock price breakout then the $360.00 hurdle with high volume. It boosted the confidence of investors and prices rallied 35% (approx.) in a short period of time.&nbsp;</p> 
<p>The rally in MSTR share price took a halt near $475.00 and prices witnessed profit booking. Meanwhile, the broader market indices began to turn mildly bearish. It negatively impacted the overall market sentiment due to which sell-off in MSTR stock continued.&nbsp;</p> 
<p>In the middle of August, Microstrategy’s stock price broke down the crucial support of $400 with a high selling volume. It hurts the sentiment of MSTR traders and invites further decline.&nbsp;</p> 
<p>After the brutal sell-off, Microstrategy stock took support near $322 and showed a minor bounce.</p> 
<h2 class="wp-block-heading" id="strong-will-microstrategy-mstr-stock-price-recover-in-sep-strong"><strong>Will Microstrategy — MSTR Stock Price Recover in Sep?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-223-1024x434.png" alt="Microstrategy Stock: Will MSTR Stock Regain the $400 Mark in Sep?" class="wp-image-166479" style="width: 100%;height:462px" width="1090" height="462" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-223-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-223-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-223-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-223-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-223-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-223-1140x483.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-223.png 1600w" sizes="(max-width: 1090px) 100vw, 1090px">
  <figcaption class="wp-element-caption">
   NASDAQ: MSTR daily chart by <a href="https://www.tradingview.com/x/9CmY60hf/" target="_blank" rel="noreferrer noopener">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>Microstrategy Inc., MSTR stock price displayed a Doji candle near $322.00 which indicates the signs of upside reversal. Later, prices begin to recover to bring back the confidence of investors. However, $387.00 turned out as a strong hurdle, and Microstrategy stock faced rejection again.&nbsp;</p> 
<p>MSTR stock price closed the previous session at $356.28 with an intraday rise of 0.91%. The market capitalization stands at $5.02 Billion. Presently, <a href="https://www.thecoinrepublic.com/2023/08/17/microstrategy-stock-will-mstr-stock-regain-the-400-mark/" target="_blank" rel="noreferrer noopener">MSTR share price </a>seems to be consolidating in a wide range for the base formation.&nbsp;</p> 
<p>The analysis suggests that If the MSTR share price climbs above the 50-day EMA then the possibility of recovery will increase. Else more downside is possible in September.</p> 
<h3 class="wp-block-heading" id="strong-microstrategy-stock-price-is-near-the-demand-zone-strong"><strong>Microstrategy Stock Price is Near the Demand Zone</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_7ba7f"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener 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_7ba7f"

}

  );

  </script> 
</div>  
<p>Microstrategy stock price (MSTR) is near its strong demand zone. The buyers are active near support and trying their best to rebound.&nbsp;</p> 
<p>Till MSTR stock sustains above $322.0 the possibility of regaining the $400 mark is high. If buyers succeed in breaking the $400.0 hurdle then bulls will again return back to track.&nbsp;</p> 
<p>On the other hand, if the sell-off continues and prices slip below $322 then another round of selling may trigger.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Microstrategy Inc., MSTR stock price is in a correction phase and buyers are trying their best to defend the demand zone. The analysis suggests that If Microstrategy’s stock price climbs above the 50-day EMA then it might test $400. However, if it faces rejection from EMA the next round of selling might hit the stock.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $396.00 and $436.00</li> 
 <li>Support levels: $322.00 and $300.00</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 in Sep?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 10, 2023

Ethereum Staking: Current State and Performance of ETH Token

Shiba Inu (SHIB) Growth Might Accelerate After This 5.5 Trillion Resistance Is Broken

BBY Stock (NYSE: BBY) Price Near Support Zone, Rebound Awaits?

Guild of Guardians Mix Dungeon Strategy with Occasional Mobile Fun

The Sandbox Price Prediction September 2023 is The Sandbox a good investment?

DASH Price Prediction: DASH Hovering Near $25, Bounce Or Selloff?

Join our free newsletter for daily crypto updates!