BMNR Daily Technical Analysis
BitMine Immersion Technologies Inc
Developer of immersion cooling technology for crypto mining equipment.
BMNR Technical Analysis Summary
BitMine Immersion Technologies is in a confirmed long-term downtrend, trading significantly below all key moving averages (20, 50, and 200-day). Short-term indicators are bearish, with the RSI falling towards oversold conditions and the MACD histogram expanding negatively. The price is currently testing immediate support near 20.00; a failure to hold this level opens the path toward the lower Bollinger Band around 15.75.
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BMNR Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-day SMA basis line (23.94); RSI is in bearish territory (37.54) and trending down; MACD line is below the signal line indicating negative momentum.
Long-term Sentiment (weeks to months): Bearish
The stock is deeply below both the declining 50-day (28.74) and 200-day (34.99) SMAs; the price structure shows a consistent series of lower highs and lower lows following the major trend reversal in mid-2025.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-17T22:11:32.757Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $19.88 | $19.77 - $20.00 | Weak | Immediate intraday support and recent short-term lows. |
| $15.38 | $15.00 - $15.75 | Strong | Confluence of the December 2025 swing low and the current Lower Bollinger Band. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $24.22 | $23.94 - $24.50 | Strong | The 20-day SMA (Bollinger Basis) and recent consolidation ceiling. |
| $29.37 | $28.74 - $30.00 | Strong | The 50-day SMA acts as major dynamic resistance. |
| $35.25 | $34.99 - $35.50 | Strong | The 200-day SMA level. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Downtrend Channel | Bearish | $15.75 | Since the peak in July 2025, price action has been contained within a descending structure marked by lower highs and lower lows. |
| Weak | Bearish MACD Crossover | Bearish | N/A | The MACD line has recently crossed below the signal line while below zero, confirming renewed downward momentum. |
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 basis line (23.94); RSI is in bearish territory (37.54) and trending down; MACD line is below the signal line indicating negative momentum.. 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 $19.88 and $15.38. 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 94/100. It is 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.