MARA drops as seller pressure drives downward price move

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Marathon Digital drops 2.88% to $8.09

Highlights

MARA/USD trades below key moving averages on both hourly and daily timeframes, indicating continuing strong selling pressure.
Momentum indicators such as MACD and ADX show strong sell signals, with RSI reading in oversold territory and high volatility present.
The expected 2 to 3 day trading range is $7.16 to $9.02, with a 65% probability of a downward move and 35% for an upward move.

Bearish momentum and resistance as oscillators diverge on volatility

On the technical side, MARA is trading below the MA-20 ($8.5) and MA-50 ($9.3) on the hourly chart, as well as the MA-200 ($10.96) on the daily chart. The Ichimoku Kijun level at $8.61 is acting as immediate resistance. MACD shows strong sell momentum, and ADX confirms sellers’ control, while RSI stands at 38.56. There is a divergence among oscillators, with Stoch RSI reading as overbought, whereas both CCI and Awesome Oscillator remain neutral. Notably, Bull/Bear Power signals strong buyer dominance intraday, which is somewhat at odds with the negative daily momentum, and overall volatility remains high.

Rangebound outcome favored as downside risk outweighs breakout odds

Looking ahead over the next 2–3 days, price action is expected to remain within a projected range of $7.16 to $9.02. The probability of a move to the upside is estimated at 35%, while a downward move is seen as more likely at 65%. The base case expects MARA to remain in a sideways corridor, with any sustained break above immediate resistance potentially triggering a bullish scenario, while a fall below key support could lead to a retest of the range low.

Viktoras Karapetjanc, expert at Traders Union, sees strong technical headwinds for MARA as price is stuck below key moving averages and no fresh news is driving sentiment. He notes that sellers dominate with daily momentum remaining negative, but high volatility and intraday bull power may provide support. Despite the downward bias, the analyst remains constructively optimistic given the sideways range and the probability of a breakout if resistance is breached. "A confirmed move above $8.61 could spark renewed buying, so I am watching for an upside trigger in the coming sessions."

Earlier, analysts noted that Marathon Digital remained under persistent technical pressure, with downside risks prevailing. The current article confirms this bearish outlook as the continuation of negative momentum and high intraday volatility underscores the importance of monitoring $7.16 as a critical short-term support level.

Source of Data: MARA 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.