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Marathon Digital Holdings is a digital asset technology company, which engages in mining cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. The company was founded on February 23, 2010, and is headquartered in Las Vegas, NV.

MARA actually lost 95% from its high, but looking at the wave structure from Elliott wave perspective on a logarithmic scale chart, we can see a 7-swing complex corrective decline labeled as W-X-Y or a-b-c-X-a-b-c after an impulsive five-wave rally in 2020/2021. Correction can be now actually already completed after the recent strong rebound away from the lows. Well, if we respect a positive correlation to the Crypto market, then even the Crypto market could see a bigger recovery this year, especially if MARA confirms bulls with a further rally above the channel resistance line and 19 region.

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