Should Marathon Digital Investors Be Worried? Bitcoin Miner's Stock Heads Toward A Death Cross

Quick Summary:

A death cross, a notorious technical pattern that occurs when a stock’s 50-day simple moving average (SMA) falls below its 200-day SMA, is often viewed as a bearish signal.

However, with the stock down 13.32% in the past month and moving averages hinting at a looming death cross, the question arises: should investors be concerned?

Marathon Digital Holdings Inc.(NASDAQ:MARA), a key player in the digital asset and cryptocurrency mining space, has been on a roller-coaster ride.

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: Cryptocurrency Technicals Top Stories Stories That Matter Crypto mining Markets Death Cross Tech MARA Expert Ideas Benzinga Digital Assets Trading Ideas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 13:34:20 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22259688

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