Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
MARA Eyes 18 Percent Climb with Pattern Break Above $17

MARA Eyes 18 Percent Climb with Pattern Break Above $17

CryptonewslandCryptonewsland2025/07/02 21:25
By:by Yusuf Islam
  • MARA chart shows an inverse head and shoulders with price now testing a descending resistance line.
  • Support zone from $14 to $15.50 held firm while traders wait for a strong breakout confirmation above $17.
  • Projected upside from breakout is $4.95 or 18.18 percent with a target around $21.11 on strong trading volume.

Shares of MARA Holdings Inc. flashed a strong bullish reversal signal on July 1, 2025, following a promising chart pattern. According to a TradingView post shared by popular trader Prof (@Prof_heist), the MARA chart shows a developing inverse head and shoulders setup. This technical structure historically signals trend reversals and possible breakout moves.

MARA Eyes 18 Percent Climb with Pattern Break Above $17 image 0 MARA Eyes 18 Percent Climb with Pattern Break Above $17 image 1 Source: X

A diagonal resistance line is also forming overhead, suggesting that any breakout could trigger an aggressive upward move. Prof labels MARA as a “SpaceShip Candidate,” indicating high upside potential based on its price structure. The tweet attracted over 21.2K views in less than 24 hours.

A Reversal Pattern Draws Traders In

The inverse head and shoulders pattern visible in the chart began forming in early March 2025. A series of three distinct troughs appeared, with the middle one—the head—significantly lower than the others. This setup commonly reflects a shift from a downtrend to an uptrend.

Support around the $14.00 to $15.50 region has held firm, establishing a critical demand zone. Each retest of this zone has been met with bullish reactions, confirming strong buyer interest. With the price bouncing within this range for months, market watchers anticipate a breakout.

The overhead resistance trendline suggests a potential breakout point near the $16.50 to $17.00 mark. Should the price break above this level, a measured move projection points toward a $4.95 rally. That implies a possible 18.18% gain from the breakout.

The Data Behind the Setup

According to Prof’s analysis, the chart shows MARA currently trading at $16.16 on the NASDAQ. The bullish target sits at approximately $21.11, with a risk-to-reward ratio appearing favorable. The setup remains intact as long as the price does not fall below the neckline region.

The tweet went live at 9:23 PM UTC on July 1, and received 228 likes and 13 retweets. Prof included a note stating, “Traders will flow in fast. Process and patience here.” This comment suggests a rising interest among momentum traders, especially those watching breakout setups.

Market watchers are paying close attention to MARA’s next move. The stock has seen choppy action since late 2024, but recent formations may change its trajectory. With buying pressure building and technical patterns aligning, anticipation grows for a near-term breakout.

Will This Pattern Trigger a Rally or Trap?

The question now facing traders is clear: Will MARA deliver the breakout the chart promises, or is this another bull trap? Technical setups can offer strong signals, but real market movement is what validates them. Volume, market context, and follow-through action must now support this bullish thesis.

With momentum traders closely tracking such setups, increased volatility is expected if price breaches the descending resistance. The breakout box drawn on the chart shows a projected move toward $21.11, possibly reached over the next several weeks. Risk-conscious traders may look for confirmation before entry.

Prof’s high-engagement tweet places MARA in the spotlight as market participants seek strong trend reversals. While some traders are already positioning, others wait for validation. The market’s response to this pattern in the coming days will likely determine short-term sentiment.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

From "whoever pays gets it" to "only the right people get it": The next generation of Launchpads needs a reshuffle

The next-generation Launchpad may help address the issue of community activation in the cryptocurrency sector, a problem that airdrops have consistently failed to solve.

Block unicorn2025/11/28 10:23
From "whoever pays gets it" to "only the right people get it": The next generation of Launchpads needs a reshuffle

After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

This Thanksgiving, we are grateful for bitcoin returning to $90,000.

BlockBeats2025/11/28 08:43
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.

区块链骑士2025/11/28 08:23
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

What are the privacy messaging apps Session and SimpleX donated by Vitalik?

Why did Vitalik take action? From content encryption to metadata privacy.

ForesightNews 速递2025/11/28 08:23
What are the privacy messaging apps Session and SimpleX donated by Vitalik?