MARA Holdings Inc. (MARA) is trading quietly Wednesday, but the technical setup suggests the calm might not last long. The stock has dropped to a support level that's proven significant twice before, and history suggests a rally could be brewing.

Why Support Levels Matter

When a stock trends lower, it's simple supply and demand math. More people want to sell than buy, so sellers have to undercut each other to attract buyers. That creates the downtrend.

But when a stock reaches a support level, something shifts. Buyers materialize, demand rises to meet supply, and sellers stop the race to the bottom. The selloff stalls out.

MARA's Pattern

The chart shows MARA has found support around $9.85 three times now. Previous tests in April and November both ended downtrends and sparked rallies. Now the stock is back at that same level.

What happens next depends on buyer behavior. If buyers get impatient and anxious, knowing sellers will go to whoever pays the highest price, they start bidding up. One buyer raises their offer, others see it and do the same. Before long, you've got a bidding war that pushes the price higher.

That's exactly what played out in April and November. Whether it happens a third time is the question traders are watching.