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Marathon Digital’s MARA stock price has been slipping through an interesting pattern.
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MARA shares dropped below 20, 50, 100, and 200-days daily moving averages.
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Marathon Digital Holdings Inc. (NASDAQ: MARA) gained more than 170% year to date.
Marathon digital, MARA stock has been slipping through an interesting declining pattern over the daily time frame chart. Marathon stock price is trying to sustain towards the upper trendline of the descending parallel channel. However, MARA stock started falling from the $19.90 mark and has been falling since July 2023. Now, Mara shares need to attract buyers in order to surge and register its breakout from the declining parallel channel.
MARA stock price was at $9.80 and has lost 2% of its market capitalization during Friday’s trading session. Trading volume can be seen below average and needs to grow during Monday’s trading session in favor of buyers so that MARA can register its br
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