MARA Stalls Near $20 As TD Sequential Flashes Potential Reversal Signal

The TD Sequential indicator has provided a "9" count on the daily chart, suggesting probable short-term trend exhaustion.

MARA was unable to hold above the $20 level, being resisted at the 61.8% Fibonacci retracement level of $19.95.

Existing candles exhibit increased volatility and reduced volume, denoting deteriorating purchasing power at latest highs.

MARA Holdings, Inc. has seen its shares increase sharply over the past few weeks, breaking above the $20 threshold for the first time since early 2024. The surge in itself is a strong recovery from earlier lows, as the stock gained traction in June and July. Statistics on July 19, 2025, indicate the stock reached an intraday high of $20.25 before settling at $19.51, a 2.30% decline for the day.

The latest uptrend came alongside an interest to buy the wider equity markets, but technical indicators move towards caution now in traders. In particular, the TD Sequential signal in the daily timeframe 1 has already produced a 9 count which has been linked to a possible short term trend reversal. The signal comes after a prolonged nine-day rally period and poses questions on whether the current bullish move might have run out of steam.

TD Sequential “9” and 61.8% Fibonacci Confluence Signal Resistance

The TD Sequential indicator is closely watched by technical traders for its historical role in identifying potential price exhaustion points. On the daily timeframe, a completed “9” count has formed at the recent high near $20.25

This amount corresponded well to a major Fibonacci retracement of 61.8 percent starting at the earlier major swing high. It is notable that the retracement band at about $19.95 has served as a significant level of resistance in the recent past and the latest price action conforms to difficulty sustaining the upside beyond that point.

MARA dipped under the resistance of 20 in the most recent session, registering a rejection position with a red candle. The current setup may prompt traders to reassess risk exposure, particularly with the indicator signaling that momentum could pause or reverse. Importantly, similar TD Sequential formations have preceded cooling-off periods in past rallies, often leading to consolidation or temporary declines.

Key Fibonacci Levels Define Critical Support and Resistance Zones

Supporting the cautionary tone is the alignment of Fibonacci retracement levels, which highlight structured price zones across the chart. The 61.8% retracement at $19.95 and the 78.6% level at $23.80 remain areas of high significance. Historical trading activity shows that these zones often serve as strong pivot points.

As of now, the $17.24 region—marked by the 50% retracement—has acted as support during the latest advance. However, if prices continue to reject near $20, the mid-level could again become relevant in case of a pullback. Notably, the last major reversal occurred near this same 50% level earlier in the year, reinforcing its importance.

Repetitive Candlestick Patterns Point to Rising Selling Pressure

A detailed look at the daily candlestick structure reveals a similar price pattern from earlier phases of the chart. In particular, the last time MARA reached a TD “9” signal during a pronounced rally, prices quickly retraced to the previous Fibonacci level. A similar configuration is now forming, with the latest candles exhibiting higher volatility and upper wicks.

This pattern suggests increased selling pressure near recent highs. Additionally, volume on recent green candles has decreased relative to earlier stages of the rally. These observations add weight to the potential for near-term consolidation or a mild correction. Traders appear to be responding to the recent indicator signal, as evidenced by the shift in momentum following the intraday rejection at $20.25.