BMNR Daily Technical Analysis
BitMine Immersion Technologies Inc
Developer of immersion cooling technology for crypto mining equipment.
BMNR Technical Analysis Summary
The technical picture remains predominantly bearish as the stock trades below all key moving averages (20, 50, and 200-day). Volatility has compressed significantly into a symmetrical consolidation pattern following the massive volatility event in mid-2025. Unless price can reclaim the $30-$32 resistance cluster, the path of least resistance appears to be a drift lower toward support near $26.
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BMNR Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-day SMA and the basis of the Bollinger Bands. RSI is at 42.70, indicating lack of bullish momentum, while the MACD histogram shows negative pressure.
Long-term Sentiment (weeks to months): Bearish
The stock is trading below both the 50-day and 200-day SMAs, and a Death Cross (50 SMA crossing below 200 SMA) is active, confirming a structural downtrend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:20:41.193Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $26.75 | $26.50 - $27.00 | Strong | Aligns with the lower Bollinger Band and recent consolidation lows. |
| $24.50 | $24.00 - $25.00 | Weak | Swing low from November 2025. |
| $20.50 | $20.00 - $21.00 | Strong | Historical base level prior to the July 2025 spike. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $30.90 | $30.00 - $31.80 | Strong | Cluster containing the 20-day SMA, 50-day SMA, and Bollinger Band basis. |
| $34.25 | $33.50 - $35.00 | Strong | Upper Bollinger Band, 200-day SMA, and recent swing highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Symmetrical Triangle / Consolidation | Neutral | N/A | Price action shows lower highs and slightly higher lows since November, compressing volatility. |
| Strong | Death Cross | Bearish | N/A | The 50-day SMA is below the 200-day SMA, a classic long-term bearish signal. |
Frequently Asked Questions about BMNR
What is the current sentiment for BMNR?
The short-term sentiment for BMNR is currently Bearish because Price is trading below the 20-day SMA and the basis of the Bollinger Bands. RSI is at 42.70, indicating lack of bullish momentum, while the MACD histogram shows negative pressure.. 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 $26.75 and $24.50. 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.