BMNR Daily Technical Analysis
BitMine Immersion Technologies Inc
Developer of immersion cooling technology for crypto mining equipment.
BMNR Technical Analysis Summary
BMNR is exhibiting a strong bearish trend across all timeframes, recently accelerating downside by closing below its Lower Bollinger Band. The stock is trading well below key moving averages (50 and 200 SMAs), with momentum indicators like MACD confirming selling pressure. Immediate support lies near the psychological 20.00 level; a failure to hold this area could see price revert to pre-rally historical bases.
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BMNR Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has closed below the Lower Bollinger Band (23.41), indicating strong downside momentum. The MACD histogram is expanding negatively, and the RSI is trending down towards oversold territory without showing divergence.
Long-term Sentiment (weeks to months): Bearish
The stock is trading significantly below the 50-day (30.57) and 200-day (34.44) SMAs. The moving averages are in a bearish alignment (Death Cross), and the overall structure shows a consistent series of lower highs and lower lows since the July peak.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:21:27.219Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $20.00 | $19.50 - $20.50 | Weak | Psychological support and approximate swing lows from late 2025 consolidation. |
| $16.00 | $15.00 - $17.00 | Strong | Historical base accumulation zone prior to the major vertical rally in mid-2025. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $23.71 | $23.41 - $24.00 | Weak | Immediate resistance at the Lower Bollinger Band and recent breakdown level. |
| $29.80 | $29.00 - $30.60 | Strong | Confluence of the 20-day SMA (Basis) and the 50-day SMA. |
| $34.72 | $34.44 - $35.00 | Strong | 200-day SMA acting as the major long-term trend ceiling. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bollinger Band Breakdown | Bearish | N/A | Price closing below the lower Bollinger Band suggests a continuation of high volatility downside movement ('walking the bands'). |
| Strong | Downtrend Channel | Bearish | $20.00 | Consistent formation of lower highs and lower lows following the blow-off top in July. |
Frequently Asked Questions about BMNR
What is the current sentiment for BMNR?
The short-term sentiment for BMNR is currently Bearish because Price has closed below the Lower Bollinger Band (23.41), indicating strong downside momentum. The MACD histogram is expanding negatively, and the RSI is trending down towards oversold territory without showing divergence.. The long-term trend is classified as Bearish.
What are the key support levels for BMNR?
StockDips.AI has identified key support levels for BMNR at $20.00 and $16.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is BMNR in a significant dip or a Value Dip right now?
BMNR has a Value Score of 67/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.