• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
MARA Finds Support at Key VWAP Levels: Market Outlook

MARA Finds Support at Key VWAP Levels: Market Outlook

user avatar

by Giorgi Kostiuk

4 months ago


Marathon Digital Holdings ($MARA) showcased an intriguing move last week, closing within the significant Bull Market Support Band. The stock rebounded from two key VWAP levels, suggesting potential stability.

VWAP Analysis: A Tale of Two Anchors

At the heart of MARA's current market behavior lies its relationship with the VWAP levels. The stock bounced twice: once from the VWAP anchored to the cycle top, and once from the VWAP anchored to the cycle bottom. These levels provide insight into trader sentiment and market support.

Declining Volume: A Double-Edged Sword

Volume is the fuel that drives the market, and MARA's volumes have been less than stellar in recent weeks. The downtrend was marked by declining volume, indicating a lack of conviction among sellers, but also suggesting possible exhaustion. Last week's slight increase in buy volume offers hope, but sustained increases are needed for recovery.

What’s Next? Analysts Weigh In

Analyst Cantonese Cat notes, 'this whole down move was on declining volume,' emphasizing the importance of a volume resurgence. If buy volume continues to increase, MARA could establish a firmer base. Without sustained volume, the stock may fluctuate or retest recent lows.

This whole down move was on declining volume.Cantonese Cat

In summary, MARA is at an intriguing juncture, and the coming weeks will reveal whether it can move towards sustained growth. Key factors are buy volumes and market dynamics.

0

Share

Other news

Success Secrets: How an Ethereum Trader Turned $250 into $20 Million with PEPE and What’s Next?

The Ethereum trader who made millions on PEPE announces a new AI-based meme token, FloppyPepe.

user avatarGiorgi Kostiuk

4 minutes ago

BTFD Coin Presale Ends May 26: 5 Cryptos to Watch for 1000x Potential

BTFD Coin presale ends on May 26. Explore 5 cryptocurrencies with high growth potential.

user avatarGiorgi Kostiuk

6 minutes ago

MAGACOINFINANCE: Crypto Investors Turning Attention to New Token

The cryptocurrency MAGACOINFINANCE is drawing attention as XRP and Solana continue to show strength.

user avatarGiorgi Kostiuk

22 minutes ago

AI Agents from Unstaked: Revolutionizing Crypto Usage

Unstaked introduces AI agents that promise automation and real results for users in the crypto world.

user avatarGiorgi Kostiuk

26 minutes ago

Michael Saylor: BlackRock IBIT Could Become the Largest ETF in the World

Michael Saylor predicts BlackRock's Bitcoin ETF will rank first among ETFs within ten years.

user avatarGiorgi Kostiuk

43 minutes ago

DeFi Development Corp Plans to Raise $1 Billion for Solana Token Purchases

DeFi Development Corp files with SEC to raise $1 billion targeting an increase in its Solana token holdings.

user avatarGiorgi Kostiuk

43 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.