BMNR Weekly Technical Analysis
BitMine Immersion Technologies Inc
Developer of immersion cooling technology for crypto mining equipment.
BMNR Technical Analysis Summary
BMNR is currently in a steep correction phase, having erased most gains from its mid-year volatility spike. The price action is bearish in the short term as it cuts through the 50-week SMA, now approaching a critical test of the 200-week SMA near 21.84. Investors should watch for stabilization at this long-term average; a failure to hold would invalidate the remaining bullish structural arguments.
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BMNR Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken sharply below the 50-week SMA with a large red candle, and RSI has dipped below 50, indicating strong downward momentum.
Long-term Sentiment (weeks to months): Neutral
The stock has retraced significantly from its spike highs but remains above the critical 200-week SMA, suggesting the long-term trend decision is pending a test of this major support.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:41:50.110Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $21.75 | $21.50 - $22.00 | Strong | Confluence with the 200-week SMA (21.84), a critical structural floor. |
| $17.25 | $17.00 - $17.50 | Weak | Aligns with the Lower Bollinger Band (17.10). |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $30.25 | $30.00 - $30.50 | Strong | Former support at the 50-week SMA (30.23) now acts as immediate resistance. |
| $38.50 | $38.00 - $39.00 | Strong | Bollinger Band basis (20 SMA) and recent consolidation ceiling. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Mean Reversion / Deep Retracement | Bearish | $21.84 | After a massive volatility spike to ~150, price has retraced over 80% and is reverting to the long-term mean (200 SMA). |
| Strong | SMA Breakdown | Bearish | N/A | The price has closed decisively below the 50-week SMA, signaling a loss of intermediate bullish structure. |
Frequently Asked Questions about BMNR
What is the current sentiment for BMNR?
The short-term sentiment for BMNR is currently Bearish because Price has broken sharply below the 50-week SMA with a large red candle, and RSI has dipped below 50, indicating strong downward momentum.. The long-term trend is classified as Neutral.
What are the key support levels for BMNR?
StockDips.AI has identified key support levels for BMNR at $21.75 and $17.25. 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 41/100. 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.