MARA slides nearly 4% as technical pressure follows revenue miss and Bitcoin liquidation

Traders Union
All News
Stocks
Marathon Digital slides 3.83% today

Marathon Digital Holdings, Inc. (MARA, formerly Marathon Patent Group) fell 3.83% after reporting a sharp year-over-year revenue decline and concluding major Bitcoin sales to reduce debt. The down move is reinforced by the stock remaining below key moving averages, highlighting ongoing technical pressure.

Highlights

Marathon Digital reported third-quarter 2026 net income of $632.1 million, largely due to gains from digital asset holdings.
The company saw a 35% year-over-year revenue decline to $83.1 million from Bitcoin mining and approved up to $500 million in share repurchases.
Shares of Marathon Digital trade below key moving averages with technicals showing downside momentum and a projected range of $5.95 to $7.8 over five days.

Bitcoin sale proceeds and share buyback offset revenue drop amid selling

Marathon Digital reported third-quarter 2026 net income of $632.1 million, primarily due to gains from its digital asset holdings. The company recorded a 35% year-over-year drop in revenue, with $83.1 million coming from Bitcoin mining. After the quarter ended, $750 million was raised from selling 13,597 Bitcoin to repay bitcoin-backed loans and release additional collateral. The board authorized up to $500 million in share repurchases as Marathon Digital continued to invest in power infrastructure and AI initiatives, though price action has remained under broader selling pressure.

Multi-timeframe bearish signals persist as moving averages pressure price

Marathon Digital is trading below its 20-day, 50-day, and 200-day moving averages ($7.06, $9.61, and $10.63 respectively), indicating sustained bearish pressure across timeframes. The near-term resistance sits at $7.06, with a support level at the session low of $6.67. Longer-term indicators and the Ichimoku Kijun at $7.95 confirm the prevailing bearish bias. MACD and ADX signal ongoing downside momentum, while the RSI and CCI are neutral. The Stochastic RSI is overbought, suggesting a single oscillator is in an extreme zone. Bull/Bear Power remains positive, highlighting some intraday buying interest. The current price is mid-range for the day, and intraday volatility is notable at 6.90%.

Earlier, analysts noted that despite Marathon Digital’s improved balance sheet and strategic initiatives, the stock remained under significant technical and directional uncertainty. The latest results reinforce this outlook, with traders now watching for a sustained move above $7.06 or a breakdown below $6.67 as catalysts for the next directional trend.