Week 28 of 52 | MARA | Is This Still a Downtrend?MARA Holdings, Inc.BATS:MARARobert_V12MARA s a great example of why not every stock below a descending trendline is in a clean downtrend. A real downtrend usually needs two things: Lower highs + lower lows. MARA still has the lower highs. Sellers continue to defend the major descending resistance line. But here is the interesting part: The lower lows are disappearing. Since 2022/2023, buyers have been defending higher zones instead of allowing the stock to keep breaking down. That changes the structure. It does not make MARA bullish yet, but it shows that the bearish trend is losing pressure. This is no longer a clean downtrend. It is compression. The stock is getting squeezed between long-term sellers from above and buyers stepping in from below. Usually, structures like this do not stay quiet forever. For me, the key area is simple: MARA needs to break and hold above the descending resistance with volume. If that happens, the market may start looking at this less as a Bitcoin miner stuck in a downtrend and more as a potential reversal / breakout setup. But if MARA gets rejected again and loses the higher-low structure, then the bears remain in control. Key resistance: $14.50 – $16.00 Breakout confirmation: $16 – $18 Upside targets: $20 – $24, then $28 – $32 Support: $12.50 – $12.00 Risk zone: below $10 – $9 A stock can still be under resistance without being in a clean downtrend. When lower highs remain, but lower lows disappear, the market may be transitioning from trend continuation into compression. And compression usually comes before expansion. Disclaimer: This is not financial advice. MARA is highly volatile and strongly connected to Bitcoin’s price action. Always manage your risk.