MARA Holdings Inc. (NASDAQ:MARA) stock is moving higher on Friday, continuing the upward momentum seen in Thursday’s session, when the stock climbed on the back of a broader cryptocurrency market rally. Nasdaq futures are up 0.57% while S&P 500 futures have gained 0.31%.
Bitcoin Rally And Macro Support Fuel Momentum
Thursday’s advance was tied to Bitcoin (CRYPTO: BTC) moving back above $77,000, following renewed sector sentiment after a White House crypto summit hosted by President Donald Trump on Wednesday. MARA holds roughly 35,577 BTC, making its stock a proxy for spot Bitcoin price movement.
MARA Stock: Key Levels and Trends to Watch
From a trend perspective, MARA is trading 11.5% above its 20-day SMA ($10.54) and 5.5% above its 200-day SMA ($11.13), which suggests the near-term bounce is still intact and the longer-term trend line is acting like a floor.
