--- title: "Why Is MARA Stock Surging Friday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296613660.md" description: "MARA Holdings stock surged on Friday, rising 5.56% to $11.77 in premarket trading, driven by Bitcoin reclaiming the $77,000 level and positive sentiment following a White House crypto summit. As a major Bitcoin holder, MARA acts as a proxy for crypto prices. Technically, the stock trades above its 20-day and 200-day SMAs but faces resistance near the 50-day SMA at $12.09. Key support is identified at $10, while $13.50 serves as nearby resistance." datetime: "2026-08-21T11:20:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296613660.md) - [en](https://longbridge.com/en/news/296613660.md) - [zh-HK](https://longbridge.com/zh-HK/news/296613660.md) generator: "portal-rs" --- # Why Is MARA Stock Surging Friday? **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. At the same time, it’s trading 2.9% below the 50-day SMA ($12.09) and 2% below the 100-day SMA ($11.99), so the next test is whether price can push back through that overhead “supply” zone. RSI is the cleaner momentum read right now: at 52.54, it’s neutral, meaning the stock isn’t stretched enough to scream overbought or oversold and can still swing either way depending on follow-through. The crossover picture is mixed: the 20-day SMA remains below the 50-day SMA (a bearish short-term alignment), but the 50-day SMA is above the 200-day SMA (a golden cross) that occurred in June. Key levels are straightforward: bulls generally want to see the stock build acceptance back above the 50-day/100-day area, while bears will watch whether the recent rebound loses traction and slips back toward round-number support. - **Key Resistance**: $13.50 — a nearby round-number/pivot area where rebounds can stall - **Key Support**: $10 — a round-number level that can act as a line-in-the-sand if the bounce fades **MARA Stock Price Activity:** MARA Holdings shares were up 5.56% at $11.77 during premarket trading on Friday, according to Benzinga Pro data. *Photo via Shutterstock* **Read Also: Elon Musk Makes Fresh Starlink Pitch for India, Says It Could Help the ‘Least Served’ in Rural Areas** ### Related Stocks - [MARA.US](https://longbridge.com/en/quote/MARA.US.md) - [MRAL.US](https://longbridge.com/en/quote/MRAL.US.md) - [MARO.US](https://longbridge.com/en/quote/MARO.US.md) ## Related News & Research - [Ross Gerber Says Bitcoin Miners Have Defected to AI — And CLARITY Act Not Passing Is 'Another Fail' for the Largest Crypto](https://longbridge.com/en/news/299145328.md) - [Traders Purchase High Volume of Call Options on MARA (NASDAQ:MARA)](https://longbridge.com/en/news/298766192.md) - [Hong Kong-based crypto exchange CoinEx to cease operations amid prolonged market downturn](https://longbridge.com/en/news/299010660.md) - [ViaBTC Partners with Mempool to Expand Access to BTC Transaction Acceleration Services](https://longbridge.com/en/news/299126618.md) - [Osmosis Took 74 Days To Discover A 40-BTC Nomic Exploit That Left Its Bitcoin-Backed Asset 36% Unbacked](https://longbridge.com/en/news/298903281.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**