Strategy shares technical analysis: Resistance test at $172.76 in focus

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Strategy jumps 3.22% to $164.93 today

Highlights

Strategy raised $15.7 million in early October 2026 through its ATM program and acquired 334 bitcoin with the proceeds.
The company completed a $176.3 million repurchase of 1,773,802 STRC preferred shares and recorded a $20.91 billion digital asset gain for the quarter.
Shares trade with bullish momentum and high volatility, with the price expected to consolidate in a range of $154.51 to $172.76 over the next several days.

Capital rotation to bitcoin as buybacks and gains drive flexibility

Strategy raised $15.7 million between October 1 and October 4, 2026, by selling 92,894 shares of its Class A Common Stock through its ATM program, immediately deploying these proceeds to acquire 334 bitcoin, according to Kalkinemedia. This direct capital rotation into digital assets highlights the company’s continued commitment to expanding its bitcoin holdings, with the transaction providing fresh liquidity and supporting current demand for the shares. Additionally, Strategy concluded a $176.3 million repurchase of 1,773,802 STRC preferred shares during the same span, while quarterly results showed a $20.91 billion digital asset gain and a significant deferred tax expense, according to data from Kalkinemedia and Gurufocus. The remaining ATM and STRC buyback authorizations preserve financial flexibility for further moves, shaping market expectations around capital allocation.

Bullish signals lead but overbought readings temper near-term momentum

On the technical front, MSTR/USD trades above its MA-20 and MA-50 on the hourly chart and is positioned well above the daily MA-200 level. The Ichimoku Kijun at $161.1 acts as immediate support. MACD and ADX indicate bullish momentum, with RSI at 60.9 staying in the buy zone. However, CCI and Bull/Bear Power read overbought, while Stochastic RSI remains neutral, pointing to potential near-term cooling or indecision. Price action is supported by strong intraday volatility and maintains proximity to today’s highs.

Consolidation likely as breakout risk overshadows pullback scenario

For the next 2–3 trading days, MSTR/USD is most likely to consolidate within the $154.51 to $172.76 channel, in line with recent volatility. The probability of an upward move breaking resistance is very high, which could open the way for a fresh bullish leg. A breakdown below $154.51 support, though unlikely, would trigger corrective pressure and invite a short-term pullback.

Viktoras Karapetjanc, expert at Traders Union, sees Strategy’s decisive capital deployment and significant asset gains as a clear signal of robust corporate momentum. He believes the company’s active rotation into bitcoin, paired with ongoing buyback flexibility, adds to positive sentiment and supports further upside. Technicals reinforce this optimism, with momentum indicators and strong price action above key levels. Near-term consolidation is likely, but the path of least resistance remains higher. "Strategy’s bold moves and solid fundamentals create a compelling bullish setup — I expect upward continuation unless key support breaks."

Previously it was reported that Strategy was shifting its capital allocation strategy by prioritizing preferred share buybacks over additional bitcoin accumulation. The latest data expands on this by showing simultaneous fresh bitcoin purchases and continued preferred share repurchases, highlighting that traders should watch for renewed volatility as Strategy balances digital asset expansion with capital structure management.

Source of Data: MSTR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.