Crypto US stocks today focus on Galaxy Digital (GLXY), Mara Holdings (Mara) and Riot Platforms (Riot).
While Glxy continues to face volatility after the NASDAQ debut, Mara has shown strength with a profit of 27.88% over the past 30 days. Meanwhile, Riot has expanded its credit line to $200 million at Coinbase, strengthening its growth strategy. Analysts remain bullish on all three names, accompanied by strong rising targets and overall favorable ratings.
Galaxy Digital (glxy)
Galaxy Digital (GLXY) closed yesterday with a sharp drop of 7.36%, but pre-market trading shows a modest recovery of 1.5%. The company made its long-standing NASDAQ debut on May 16th, opening at $23.50 per share.
CEO Mike Novogratz described the listing process as “unfair and infuriating,” marking the end of years of efforts to enter the US market.
In particular, Galaxy is already working with the SEC to integrate stocks into the Defi application. Despite the milestones, the timing coincided with a first-quarter loss disclosure of $295 million, adding pressure to investors’ sentiment.
Technically, we believe Glxy has fallen 6.77% since Nasdaq’s debut, close to the main level of support. If the bearish momentum continues, inventory may slide below $22, marking a new all-time low.
However, if the early pre-market strength continues and wider rebounds form, Glxy may try to retry the resistance at $22.24.
A critical move above this level could pave the way for $23.61 and $25, but the company could require strong fundamental catalysts, such as tokenization and advances in regulatory clarity, to maintain its upward trajectory.
Mara Holdings (Mara)
Mara has grown 27.88% over the last 30 days and has been held above $15 since May 9th, showing resilience despite the short-term pullback. Yesterday it fell 0.80%, with a further 0.68% falling in pre-market trading.
Analyst sentiment remains cautiously bullish. Of the 17 analysts, seven rated “strong buy”, nine suggest holding, and only one recommends “strong sell”.
The average 12-month price target is $20.27, indicating a potential upside of 25.2% from current levels.
Economically, Mara reported revenues of $213.9 million for the first quarter of 2025 (up from $165.2 million the previous year). However, Bitcoin production fell by half, with the company posting a net loss of $533.4 million, mainly due to quarterly price fluctuations.
Despite this, Mara expanded BTC Holdings to 47,531, an increase of 174% year-on-year. Technically, Mara maintains a bullish EMA structure, but the narrow gap suggests caution. As momentum slows, the stock can test support at $15.25, plus downside risk is $14.47 or $12.63.
You can see that the updated uptrend will be pushed towards resistance levels at $16.69, $17.30 and potentially $17.86.
Riot Platform (Riol)
Riot Platforms (Riot) closed yesterday with a mild decline of 0.45%, with an additional 1.23% fall in pre-market trading. The company recently announced a major financial move, doubling its credit line with Coinbase to $200 million.
According to CEO Jason Les, the expanded facility aims to increase Riot’s economic flexibility, support strategic initiatives and reduce capital costs.
Along with operational mining facilities in Texas and Kentucky and engineering hubs in Colorado, Riot positions itself as a vertically integrated Bitcoin infrastructure platform.
Market sentiment around the riot remains strong and bullish. Of the 17 analysts covering stocks, 15 are “strong buys”, with a one-year price target of $15.54, representing a potential upside of 74%.
From a technical standpoint, the riot faces resistance at $9.09. A breakout above this level could lead to profits towards $9.47.
Conversely, if the support level of $8.82 is damaged, the stock price could drop to $8.40 or $8.05, especially if sales pressure is increased.
Disclaimer
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