BMNR Weekly Technical Analysis
BitMine Immersion Technologies Inc
Developer of immersion cooling technology for crypto mining equipment.
BMNR Technical Analysis Summary
BMNR is in a severe downtrend following a parabolic blow-off top, currently trading below all major weekly moving averages including the 200-week SMA. Momentum indicators are firmly bearish, with the MACD diverging negatively and RSI showing no signs of divergence or reversal yet. The loss of the 200-week SMA suggests a likely return to the historical trading range between 5.00 and 15.00 unless a rapid reclamation of the 22.00 level occurs.
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BMNR Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-week and 50-week SMAs and has just closed below the 200-week SMA. The MACD shows strong negative momentum with an expanding histogram, and RSI is trending lower below 50.
Long-term Sentiment (weeks to months): Bearish
The stock has experienced a catastrophic failure of its recent breakout, retracing almost all gains. With the price now slipping below the 200-week SMA and the 50-week SMA beginning to curl downward, the long-term structural bias is negative.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-15T00:20:28.336Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $14.50 | $14.00 - $15.00 | Weak | Aligns with the current Lower Bollinger Band (14.68) and upper boundary of the historical base. |
| $7.50 | $5.00 - $10.00 | Strong | Major multi-year consolidation zone prior to the recent volatility spike. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $21.75 | $21.50 - $22.00 | Strong | The 200-week SMA (21.64) is now immediate overhead resistance. |
| $30.50 | $30.00 - $31.00 | Strong | 50-week SMA (30.79) acts as the next major dynamic resistance level. |
| $35.50 | $35.00 - $36.00 | Strong | 20-week SMA / Bollinger Band Basis (35.31). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Blow-off Top / Deep Retracement | Bearish | $14.68 | After a parabolic rise to near 90, the price has collapsed, giving back almost all gains in a 'pump and dump' like structure. |
| Strong | Support Breakdown | Bearish | N/A | Price is currently closing below the critical 200-week SMA support line. |
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-week and 50-week SMAs and has just closed below the 200-week SMA. The MACD shows strong negative momentum with an expanding histogram, and RSI is trending lower below 50.. 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 $14.50 and $7.50. 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 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.