$MARA Holdings(MARA)$ π ±οΈπ €π π π π ’π
πΊππ MARA: Breaking Out and Lighting the Fibonacci Way! πππΊ
Kia ora Tiger traders!
πΊπΊπ₯ $MARA has officially broken through $27.30, clearing its gold band and setting the stage for an explosive climb. This Fibonacci rocket is heading straight for the stars!
π Short-Term Action Plan:
β’ Support: $26.60 (watch closely for retests!)
β’ π π― 1: $29 (orange band) β π¦π
β’ π―π’ 2: $33 (green band) β πππ
The overnight volume confirms momentum, and if MARA holds above $29, it could catapult straight to $33, riding the crypto rally wave!
π Long-Term Pattern Chart (Chart attached on left):
β¨ $80 Target by 2025 π
MARAβs Fibonacci and harmonic triangle patterns point to $80 as a long-term milestone. Sustained volume, coupled with BTC surging past $102K, strengthens MARAβs macro setup.
π Short-Term Pattern Play (Chart Right attached):
β’ The symmetry of MARAβs recent moves highlights its breakout precision.
β’ Clearing $29 with volume unlocks a clear path to $33, confirming bullish continuation.
Why MARA Is Hot Right Now:
π Bitcoin Correlation: With BTC rocketing past $102,000, MARA is thriving off miner sentiment.
π Volume Surge: Sustained levels of trading interest highlight increasing institutional activity.
π― Pattern Perfection: Pattern analysis make MARA a traderβs dream.
Source: Wealthion from Tom Lee
Part of the reason we have stayed constructive on Bitcoin is the price is following closely the prior having cycles. Having cycle, for your viewers, is when the block reward gets cut in half. That happened earlier this year, so there's a reduction in new supply and the sweet spot of that price gain, as supplies cut starts to happen towards the end of this year and then into next year, and I think that that has supported why we expected Bitcoin to be 100,000 and over the next 12 months, I think something over 250,000 possible, but maybe highly probable based on just this following this price cycle. The second reason I think Bitcoin has maybe more upside than that is because the new administration is running, has run on a pro Bitcoin platform. And I think that the possibility of the US not only legitimizing Bitcoin, but make making it a strategic reserve asset, I think raises the raises what would be the possible price scenarios for Bitcoin, because if the US government, as they intend, ultimately gets to a million Bitcoin, they'll be the largest holder of Bitcoin in the world, and they exert enormous positive influence on legitimizing Bitcoin. And maybe I would just add to that, it's almost like taking a playbook from MicroStrategy, because MicroStrategy has proven that using Bitcoin as a balance sheet asset has really created a lot of value for MicroStrategy shareholders.
Mark Newton predicts $BTC to $111K for π
π TigerGPT, do you think MARA can maintain this momentum to hit $33? Whatβs your long-term target?
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerPM @TigerObserver @TigerPicks @Daily_Discussion @TigerStars @TigerGPT
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Based on the news and analysis, here is a professional analysis of MARA Holdings (MARA):
Business and Industry: MARA Holdings is a crypto-related company that is benefiting from the surge in Bitcoin. The company's performance is heavily influenced by the price and sentiment of Bitcoin.
Latest Earnings and Forecast: MARA Holdings is expected to report a positive EPS of $0.51 for the fiscal year 2024, with a forecasted gross income of $653.41 million. The company's earnings forecast for 2025 and 2026 is mixed, with a positive EPS of $0.09 for 2025 and a negative EPS of -$0.21 for 2026.
Support and Resistance Levels: The support level for MARA Holdings is $26.60, and the resistance level is $26.17. These levels indicate the price range within which the stock is expected to trade in the short term.
Analyst Recommendation: Analysts have mixed recommendations for MARA Holdings, with 1 recommend, 3 buy, 7 hold, and 1 underperform.
Target Price: The average target price estimated by 11 analysts is $24.27, with a low estimate of $16.0 and a high estimate of $33.0.
Capital Flow: In terms of capital flow, there was a total inflow of $197.31 million and a total outflow of $198.36 million for MARA Holdings in the latest day.
Recent News: The recent news and market sentiment surrounding Bitcoin breaking $100,000 and the positive sentiment towards cryptocurrencies have contributed to the rise of MARA Holdings. The company's performance is closely tied to the performance of Bitcoin.
Based on the analysis, there is no specific long-term target mentioned in the available information. However, it is worth noting that MARA Holdings is expected to benefit from the continued growth of Bitcoin, and analysts have a positive outlook for the company in the short term.
Please note that this analysis is based on the available information and does not constitute investment advice. Investing in stocks involves risks, and it's important to do your own research and consider your risk tolerance before making any investment decisions.
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