As of May 22, 2026, BMNR (Bitmine Immersion Technologies, Inc.) is in a bottoming attempt state on the weekly chart, with a confidence level of 58%. Key support is at $18.5 and key resistance at $21.2. Post-spike unwind and consolidation: price ~$18.87 is below EMA50/EMA100/EMA200 and under SMA100, hovering just above SMA200 with RSI ~41 (weak momentum).
Base holds at/above SMA200 and forms a higher low; mean-reversion rally into the clustered moving averages (first EMA20/EMA100 area, then EMA50/EMA200) with choppy price action.
Support fails; breakdown below SMA200 triggers another leg down (continuation of the larger corrective wave) before any durable bottom forms.
Weekly close back above $26.10 (EMA50) for 2 consecutive weeks
Weekly close below $18.50 (loss of SMA200/support) with follow-through the next week
Start near SMA200/support; add on breakdown-to-support retest; heavy add only if capitulation/flush completes a larger ABC correction into deeper support.
Trim into major overhead supply from the post-spike distribution and prior consolidation zones; progressively reduce as price becomes increasingly extended relative to long MAs and prior swing highs.
As of May 22, 2026, BMNR (Bitmine Immersion Technologies, Inc.) is in a bottoming attempt state on the weekly chart with 58% confidence. Post-spike unwind and consolidation: price ~$18.87 is below EMA50/EMA100/EMA200 and under SMA100, hovering just above SMA200 with RSI ~41 (weak momentum).
On the weekly timeframe, BMNR has key support at $18.5 and key resistance at $21.2. The most likely scenario (bullish) targets $21.2 and $26.1, with a revert level at $20.0.
BMNR (Bitmine Immersion Technologies, Inc.) is currently classified as bottoming attempt on the weekly chart, with 58% confidence. Confirmation requires: Weekly close back above $26.10 (EMA50) for 2 consecutive weeks This would be invalidated by: Weekly close below $18.50 (loss of SMA200/support) with follow-through the next week
The most likely scenario (bullish) targets $21.2 and $26.1, with a revert level at $20.0. The alternative scenario (bearish) targets $16.0 and $12.0.
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