7.07% for Marathon Digital stock as technical signals highlight volatile session above support
Marathon Digital (MARA) stock rose 7.07% to $8.87, trading slightly above its SMA-20 but below its SMA-50 and significantly below its SMA-200, indicating long-term bearish momentum. The company reduced its debt by 30% to $2.3 billion by repurchasing convertible notes, funded by selling 15,133 bitcoin for $1.1 billion. Despite the stock rise and debt reduction, technical signals suggest continued long-term bearish pressure and range-bound trading between $8.20 and $9.75, with low probability of sustained upside.
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