MARA is one of the largest crypto mining companies in the US. According to bitcointreasuries, Mara curreently has 5,263 worth only $300,057,928. It's 3.7B market cap is largely attribute to the future earnings from mining. For this reason, the price of bitcoin is the biggest factor for this company's price action.
There are a few setups for MARA. Price could either breakout from this channel or continue trading in this range. When Bitcoin gains momumtum in the coming months, the breakout scenrio is very possible. Also, keep an eye on the support level at 29.00 & 24.00/ These levels could be a great buying opportunity assuming that Bitcoin's price continues to go up.
There are a few setups for MARA. Price could either breakout from this channel or continue trading in this range. When Bitcoin gains momumtum in the coming months, the breakout scenrio is very possible. Also, keep an eye on the support level at 29.00 & 24.00/ These levels could be a great buying opportunity assuming that Bitcoin's price continues to go up.
