As cryptocurrency melts down, the stocks of many crypto-related companies have followed. For some of them, significant resistance has formed above current trading levels. This could keep a top on them, at least in the short run.<\/p>\n
They include Marathon Digital Holdings, Inc. (NASDAQ:MARA), SOS Limited (NYSE:SOS), and BIGG Digital Assets Inc. (OTC:BBKCF).<\/p>\n
See Also: Report Shows Over $2B Worth Of Bitcoin Bought During The Dip<\/p>\n
The $28.75 level was support for Marathon Digital. Support levels can convert into resistance and that could happen here.<\/p>\n
Many of the investors who paid $28.75now regret their decision because the price is lower. A number of these investors decide to sell, but they're reluctant to take a loss.<\/p>\n
As a result, they place their sell orders at their buying price. In this case, it's $28.75. If there are enough of these sell orders, it will form resistance.<\/p>\n
The $3.90 level was support for SOS. Now it is a resistance level.<\/p>\n<\/p>\n
For BIGG the resistance is at $1.80. Sellers at this level have kept a top on the price for a month.<\/p>\n<\/p>\n
Your Resource for Non-Stop Trade Ideas<\/p>\n
Join ZINGERNATION on \"Power Hour\", as we work hard to deliver trade ideas every day.<\/p>\n
For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.<\/p>\n
2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. <\/p>\n
<\/p>\n
View original post here: As cryptocurrency melts down, the stocks of many crypto-related companies have followed. For some of them, significant resistance has formed above current trading levels. Continue reading
\n3 Cryptocurrency Stocks That May Not Rebound Soon - Benzinga<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"