Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MARA stock price is currently trading at $8.01 with a drop of 2.91% in the last 24 hours and a current market cap of $1.4 Billion.</a> </li> 
 <li> <span>2</span> <a>Marathon stock price decreased by 16.30% over the past seven days.</a> </li> 
</ul> 
<p>MARA stock price is facing strong bearish pressure on the daily technical charts, as it is trading below the 100 and 200-day EMAs. The stock failed to break above its key resistance levels near the EMAs in the past few months, despite several attempts by the buyers.&nbsp;</p> 
<p>The stock is currently trading near $8.01, with a marginal loss of 2.91% intraday. The stock has a potential upside target of $10, but it needs to overcome the bearish momentum and surge above the 200-day EMA. The stock has a support level of $7.11, which could prevent further downside.&nbsp; MARA price prediction suggests that the stock is in the firm grip of the bears and needs to show signs of reversal before a bullish trend can be confirmed.</p> 
<p>The technical indicators favor the bears projecting a pessimistic perspective for the buyers. RSI and stochastic RSI oscillator are moving near the overbought zone, whereas the major EMA lines are acting as barrier points for Marathon price.</p> 
<p>The company’s performance has been dismal in recent times. It has a gain of 123.74% in the year-to-date period, a gain of 1.14% in the last six months, gave a negative return of 24.58% in the last month, and 16.30% in the last week. This shows a persistent bearish trend that has not reversed yet.</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> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh6.googleusercontent.com/euFfB2oaIjnLB1RFR0gC0RRoGno6kyHyjS1ctL8YY-eXudCmKTip_Efea7s_i4iML514AqGd_cDQ0SaBv5CO9pZJEW2AmNaSz_YM7SDGVAgZhwQnABuNp8AGkjkbg0-Vj1J9wPEYDEnt59cE2rQwgY8" alt="MARA Stock Prediction: Will Marathon Stock Break Below $5 Level?">
  <figcaption class="wp-element-caption">
   Source: MARA.1D.NASDAQ by <a href="https://www.tradingview.com/x/R9ZbkPCA/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>MARA stock (NASDAQ: Marathon) is under the 50 and 200-day DMAs (daily moving averages), which do not uphold the price trend.&nbsp; The current value of RSI is 25.50 points. The 14 SMA is above the median line at 32.21 points which indicates that the MARA stock is bearish.</p> 
<p>The MACD line at -1.22 and the signal line at -1.12 are below the zero line. A bearish crossover is observed in the MACD which signals more bearishness for the Marathon <a href="https://www.thecoinrepublic.com/2023/09/16/marathon-digital-mara-stock-slipping-in-an-interesting-pattern/" target="_blank" rel="noreferrer noopener">stock</a> price.</p> 
<h3 class="wp-block-heading" id="strong-weekly-time-horizon-analysis-strong"><strong>Weekly-Time Horizon Analysis</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-951-1024x466.png" alt="MARA Stock Prediction: Will Marathon Stock Break Below $5 Level?" class="wp-image-171942" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-951-1024x466.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-951-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-951-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-951-750x341.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-951-1140x519.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-951.png 1433w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div> 
<p>The weekly charts of MARA stock reveals that the sellers have been dominant. The stock has been on a downtrend, as it broke below the key EMAs. The technical indicators also confirm the bearish sentiments, as the RSI is near the oversold zone at 40. The MACD is bearish. These signals indicate that the stock may face more downward pressure in the coming weeks.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>MARA (NASDAQ: Marathon) technical oscillators also support the bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend may continue in the Marathon stock price. MARA price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $7.00 and $5.33</li> 
 <li><strong>Resistance Levels: </strong>$10.43 and $14.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

MARA Stock Prediction: Will Marathon Stock Break Below $5 Level?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 28, 2023

ETC Price Analysis: Will Breakout Boost ETC Price To $19?

Bitcoin Price Prediction: BTC Rises by 0.75% – Where is BTC Headed Next?

Gensler Reaffirms Bitcoin’s Non-Security Status

Unlocking $16 Trillion: First Tokenized Property Successfully Registered in EU Land Registry, Set...

PancakeSwap v3 goes live on opBNB, a BNB Chain layer-2

Coinbase Owns 5% Of BTC Supply, Bullish Or Bearish For The Bitcoin Price? While New Stake-to-Mine...

Join our free newsletter for daily crypto updates!