3 crypto stocks with clear support levels
Many cryptocurrencies are on the rise. At the same time, many cryptocurrency stocks are falling. Some are getting closer to support. This means they could bounce back.
They include Square, Inc. (NYSE: SQ), SOS Limited (NYSE: SOS) and Marathon Digital Holdings, Inc. (NASDAQ: MARA).
At support levels, there is more demand for stocks than supply. Vendors can sell whatever they need without lowering the price.
Sometimes stocks bounce back after hitting support.
This happens when some of the buyers who created the media decide to pay higher prices. It drives up the price. It could happen with these three actions.
See also: Best cryptocurrency in 2021
The $ 205 level was support for Square in late January and twice in March. A rally followed each time. If stocks hit $ 205 again, there’s a good chance there is support again.
Over the past month, there has been support for SOS at the $ 3.95 level. There is a chance he will bounce back at this level.
Since February, the $ 28.75 level has been supported by MARA on several occasions. A higher movement followed each time. If stocks reach support again, there is a chance that they will trigger another rebound.
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