MARA • NASDAQ MARA Holdings Inc
This is not investment advice; it’s a trade idea for educational purposes. All trades are inherently risky and may result in a loss. Please do your own research. -------------------------------- MARA • NASDAQ MARA Holdings Inc Key Technical Indicators Currently trading at: $19.80 (above recent resistance) 20-Day Moving Average: $16.46, indicating short-term price trends. 50-Day Moving Average: $16.52, showing that the stock has been consolidating within this range recently Support Level: $17.45. Resistance Level: $18.99 Beta and Volatility MARA has a high Beta of 5.51, suggesting it is significantly more volatile compared to the overall market. This high volatility is typical for stocks within the cryptocurrency mining sector due to fluctuating crypto prices. Summary: MARA has experienced substantial price movements recently, and its average trading volume is around 40 million shares over the past 20 days, indicating strong market interest. The stock price currently trades close to its resistance level, suggesting potential breakout opportunities if it gains momentum. MARA Holdings, Inc. (formerly known as Marathon Digital Holdings, Inc.) operates as a digital asset technology company focusing primarily on mining digital assets, particularly Bitcoin. The company plays a significant role in securing the Bitcoin blockchain ledger, which involves validating transactions and adding them to the public ledger, ensuring the integrity and security of the cryptocurrency ecosystem. MARA leverages innovative technologies to convert underutilized, clean, and stranded energy sources into economic value through its digital asset compute operations. Essentially, they aim to use renewable or otherwise wasted energy to power their cryptocurrency mining activities, thereby supporting the broader push towards energy transformation. Founded in 2010 and headquartered in Fort Lauderdale, Florida, MARA Holdings has positioned itself as a leading player in the digital asset space, with a particular emphasis on increasing its operational hash rate to boost Bitcoin production. As of the latest data, the company has 109 employees and substantial digital asset holdings, making it one of the more prominent publicly listed Bitcoin miners.