MSTR Nears Key Support

Strategy (NASDAQ: MSTR ) stock price has retreated sharply this month and is now nearing a make-or-break level.

It retreated for four consecutive days, reaching a low of $108, down by 42% from its highest point in May.  Michael Saylor Hints at More Bitcoin Buying Strategy, formerly known as MicroStrategy, likely continued its dollar cost averaging approach last week.

In an X post, Michael Saylor , its founder, hinted that the company bought more coins.

He posted his orange dots image that he always whenever the company continues its accumulation.

Looks better with more dots. pic.twitter.com/saEtZTgFGH — Michael Saylor (@saylor) June 21, 2026 The company has continued its Bitcoin (CRYPTO: BTC) purchases this year, adding 174,345 coins.

It now holds 846,842 coins, currently valued at over $54 billion.

Its holdings are significantly higher in value than those of the iShares Bitcoin Trust (NASDAQ: IBIT ) , which holds Bitcoin worth more than $48 billion.

Strategy sent shockwaves in the crypto industry earlier this month when it revealed that it sold 32 coins.

In the aftermath, Bitcoin dropped below $60,000 for the first time this year.  Read Also: Jane Street Challenges Citadel and Wall Street Giants as Revenue Surges While it has rebounded to $64,000, it is facing some major challenges, including the ongoing spot ETF outflows as investors rotate towards the booming stock market.

The Federal Reserve also issued a highly hawkish interest rate decision that may affect its performance.

Technicals also suggest that the Bitcoin price signals that it has more downside in the near term.

It has formed a bearish flag pattern and remained below all moving averages.

A bearish breakout will likely push it to the year-to-date low of $59,000.

Bitcoin price chart | Source: TradingView Meanwhile, the Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ: STRC ) , which has started paying dividends two times a month, crashed to a record low of $88.

It has now dropped by over 10% from its highest point this year amid concerns of its sustainability.

MSTR Stock Price is Nearing a Crucial Support Level The daily chart shows that the Strategy stock has slumped from $196 on May 11 to the current $112.53.

It has slumped below the 50-day and 100-day moving averages and the Strong, Pivot, Reverse of the Murrey Math Lines tool.

It also formed a head-and-shoulders pattern.

MSTR stock chart | Source: TradingView Most notably, the stock is nearing the crucial support of $103.40, its lowest point in February this year.

If this happens, the next level to watch will be the extreme oversold level of $75.  Read Also: Top Four S&P 500 Stocks To Watch Next Week: MU, CCL, FDX, PAYX Image: Shutterstock