MicroStrategy (NASDAQ: MSTR) had a rough stretch earlier this week, but it’s not unraveling just yet. The stock fell sharply from around $440, caught in a wider pullback across tech and crypto names. But heading into Friday’s close, things are starting to look steadier.
At one point, MSTR dipped below $400, a big psychological level, but it didn’t stay there long. By Friday afternoon, buyers had stepped back in. Not a full-blown rally, but a sign that bulls aren’t walking away.
It’s not just MSTR. Bitcoin has been stuck below $105K, and that tends to drag MicroStrategy down too. That said, Bitcoin hasn’t broken lower and that matters. In fact, it’s hovering just above $103K, and that stability is likely helping MSTR catch its breath.
A few other things working in MicroStrategy’s favor right now:
Current Price | $396.81 |
---|---|
First Resistance | $405.71 |
Next Targets Up | $420 and $444.63 |
Support Zone | $395 – then deeper at $364.95 |
This isn’t a breakout setup yet. But it also isn’t a breakdown. If MSTR closes above $400 soon, bulls could use that as a base to go after the $420s again.
This move down doesn’t look like the start of something serious, not at this point. The price is reacting to Bitcoin’s pause and general market fatigue. But there’s no panic. And with $395 holding, MicroStrategy has a shot at rebounding early next week, especially if crypto sentiment picks up.
For now, it’s a waiting game. But the bulls haven’t left.
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This post was last modified on May 16, 2025, 16:49 BST 16:49