HUT Daily Technical Analysis
Hut 8 Corp
North American digital asset mining and infrastructure company focused on Bitcoin mining and high-performance computing data centers. Following its merger with US Bitcoin Corp, Hut 8 operates large-scale mining facilities and provides hosting and infrastructure services.
HUT Technical Analysis Summary
HUT remains in a strong primary uptrend, trading well above its rising 200-day SMA. However, the asset is currently experiencing a sharp short-term correction following a double top formation at recent highs, accompanied by bearish MACD momentum. Investors should watch the interaction with the 50-day SMA; holding here could provide a base to resume the uptrend, while a breakdown may lead to a deeper retracement toward the mid-40s structural support.
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HUT Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price recently rejected sharply from highs, broke below the 20-day SMA, and momentum indicators like MACD show a bearish crossover with expanding negative histogram.
Long-term Sentiment (weeks to months): Bullish
The long-term trend remains intact, characterized by a sequence of higher highs and higher lows, with the price still positioned well above a rising 200-day SMA.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-21T01:38:44.077Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $52.25 | $51.00 - $53.50 | Weak | Immediate support zone near the rising 50-day SMA and recent minor swing lows. Price is currently testing this area. |
| $46.00 | $44.00 - $48.00 | Strong | Significant prior consolidation zone and swing level before the last major upward leg. |
| $36.00 | $35.00 - $37.00 | Strong | Major structural support corresponding with the rising 200-day SMA and prior significant swing lows. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $56.00 | $55.50 - $56.50 | Weak | Immediate resistance at the 20-day SMA (middle Bollinger Band) which was recently broken as support. |
| $65.50 | $63.00 - $68.00 | Strong | The recent double-top high zone where price faced heavy rejection. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Top | Bearish | $44.00 | Two distinct peaks formed near the 68 level, followed by a breakdown below the intervening trough, signaling a trend reversal in the short term. |
| Strong | Long-Term Uptrend | Bullish | N/A | A clear, sustained sequence of higher highs and higher lows over the broader chart timeframe, supported by rising moving averages. |
Frequently Asked Questions about HUT
What is the current sentiment for HUT?
The short-term sentiment for HUT is currently Bearish because Price recently rejected sharply from highs, broke below the 20-day SMA, and momentum indicators like MACD show a bearish crossover with expanding negative histogram.. The long-term trend is classified as Bullish.
What are the key support levels for HUT?
StockDips.AI has identified key support levels for HUT at $52.25 and $46.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is HUT in a significant dip or a Value Dip right now?
HUT has a Value Score of 58/100. 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.