MARA held strong above $11.50 and formed a triple bottom pattern now trading near $15.21 with strength.
Chart shows a breakout forming above the trendline which opens a path toward $20.54 if momentum continues.
The pattern suggests a 30 percent gain is possible if buyers stay active above $17.35 and volume expands soon.
MARA Holdings Inc. appears to be preparing for a breakout move after forming a clear reversal pattern near its support base. The current price stands at $15.21, and technical analysis now shows a projected upward move with a 30.87% gain. A rally toward $20.54 would confirm the pattern and reflect strong bullish pressure.
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A TradingView chart shared on June 30, 2025, highlights the recent setup developing over the past few months. After bottoming out near the $11.50 support zone, MARA printed a triple bottom pattern. The final leg pushed price back toward descending trendline resistance, now acting as the last barrier before upside continuation.
This pattern suggests a reversal of the prolonged downtrend. A clear breakout above the trendline would confirm the reversal, and the measured move points toward a $5.24 increase in value. That projection, if realized, would mark the first significant upside in several months.
Technical Structure Supports Reversal Case
The MARA weekly chart reveals a rounded bottom structure supported by three distinct reaction lows. Each low bounced near the $11.50–$12.00 support zone, showing buying interest at that level. The area also acted as a former accumulation zone in mid-2023.
The recent bullish candle, closing at $15.21, follows a slight trendline break. This break has been paired with rising volume, indicating early positioning by investors. A dotted line across the highs suggests a descending trendline, which MARA is now testing from below.
The triple bottom aligns with classic reversal behavior, typically followed by an upward breakout. If buyers maintain control, price may extend beyond the $17.35 midpoint and approach the $20 range. The move, according to the chart, offers a 30.87% potential upside in the near term.
Price Path and Volume Show Breakout Energy
Volume data suggests that accumulation has been steady throughout the pattern. The support zone near $11.50 provided price memory, with every dip into that region getting bought up. The upward movement toward $15.21 builds on that base with growing momentum.
The price range between $13.95 and $15.50 has acted as a consolidation area. This zone is crucial for continuation, as it confirms market agreement before breakout attempts. MARA must close above $17.35 with strength to maintain this projected path.
Traders are now watching for candle confirmation above the trendline. The green target box shown on the chart illustrates the expected price destination. If volume expands above average levels, this may validate the 30% projection toward the $20.54 resistance.
Can MARA Sustain This Momentum and Reclaim $20?
A large number of traders believe MARA is poised to test its next key level near $20. The triple bottom pattern has formed over several months, building pressure beneath resistance. With price now breaking above the neckline, expectations are building for a continued move.
Volume trends and bullish candles support this case. The chart points to a vertical push toward the $20.54 mark, assuming no rejection occurs. This setup brings forth a single key question:
Can MARA reclaim the $20 range and continue its breakout move into the second half of 2025?
