Usman Salis
⬤ MicroStrategy stock is showing its first real signs of steadying after weeks of pressure. Trading near $161.58, MSTR appears to be catching its breath right above a key support zone between $150 and $160—a level that's becoming increasingly important as shares try to find their footing after sliding from much higher ground earlier this year.
⬤ The technicals tell a cautious story. While MSTR remains below both its 50-day and 200-day moving averages, recent price action shows less follow-through to the downside. The RSI sits around 45—neutral territory that suggests the heavy selling might be cooling off. It's not a reversal signal yet, but it's the kind of quieting down that often precedes a base.
⬤ What makes the $150–160 zone particularly worth watching is how price has repeatedly tested and held it. Anchored VWAP levels from recent highs and lows cluster right around current prices, reinforcing this as more than just a random stopping point. For MicroStrategy—essentially a leveraged bet on Bitcoin through equity markets—this stabilization matters beyond just one stock. If Bitcoin pushes toward new highs later this year as some expect, MSTR's ability to hold current levels could set the stage for participation in that move.
⬤ The key question now is whether this pause turns into something more. Stabilization is step one, but building a proper base takes time and consistent price acceptance. For now, the selling pressure looks like it's easing, even if the longer-term trend hasn't flipped yet.
Usman Salis
