Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
BitMine (BMNR) Stock Jumps 15% But Misses Critical Recovery Signal By Inches

BitMine (BMNR) Stock Jumps 15% But Misses Critical Recovery Signal By Inches

BeInCryptoBeInCrypto2025/11/25 06:00
By:Aaryamann Shrivastava

BitMine Immersion Technologies has seen intense volatility this month, with its share price plunging 42% since the start of January.  The company sparked renewed optimism on Monday after announcing a significant purchase of 69,822 ETH, a move that briefly lifted BMNR by 15%. However, despite the rally, a confirmed reversal signal has yet to emerge.

BitMine Immersion Technologies has seen intense volatility this month, with its share price plunging 42% since the start of January. 

The company sparked renewed optimism on Monday after announcing a significant purchase of 69,822 ETH, a move that briefly lifted BMNR by 15%. However, despite the rally, a confirmed reversal signal has yet to emerge.

BitMine Continues To Accumulate ETH

The relative strength index is showing a sharp uptick following BitMine’s major ETH acquisition. The purchase, equivalent to roughly 3% of Ethereum’s total circulating supply, sent a clear signal of confidence from the company. This triggered widespread optimism among investors and lifted the RSI out of oversold territory, a zone that typically precedes trend reversals.

However, the RSI alone cannot confirm a sustained bullish shift. While the indicator’s rise suggests improving sentiment, BMNR still requires consistent buying pressure to support a full recovery. 

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

BitMine (BMNR) Stock Jumps 15% But Misses Critical Recovery Signal By Inches image 0BMNR RSI. Source: BMNR RSI. Source:

Macro momentum indicators highlight another critical area to watch. The Fibonacci Retracement tool shows that BMNR is approaching the 23.6% Fib line, a historically important support level during bearish phases. This threshold, positioned at $31.46, represents a potential pivot point for the stock.

Reclaiming this level as support would strengthen BitMine’s recovery outlook and enable a more convincing bounce. However, the stock remains just below this threshold and still requires stronger bullish participation to break through. 

BitMine (BMNR) Stock Jumps 15% But Misses Critical Recovery Signal By Inches image 1BMNR Fibonacci Retracement. Source: BMNR Fibonacci Retracement. Source:

BMNR Price Reclaims $30

BMNR is trading at $31.10, hovering above the crucial $30.88 support zone. Despite the recent ETH-driven rally, the stock remains down nearly 42% for the month. This positions Monday’s surge as an important—but not yet decisive—step toward recovery.

If bullish momentum persists, BMNR could climb toward the $34.94 resistance level. A break above this barrier may pave the way for further gains toward $37.27 and beyond. This is especially true if investor confidence strengthens around BitMine’s aggressive accumulation strategy.

BitMine (BMNR) Stock Jumps 15% But Misses Critical Recovery Signal By Inches image 2BMNR Price Analysis. Source: BMNR Price Analysis. Source:

If uncertainty prevails and the company fails to capitalize on the excitement surrounding its ETH purchase, BMNR risks losing the $30.88 support. A breakdown could send the stock to $27.80 or even $24.64. This would invalidate the bullish thesis and signal continued weakness in the short term.

Read the article at BeInCrypto
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Today: Bitcoin surges to $90K—Is this a sign of a new cycle or an early warning of another downturn?

- Bitcoin surged past $90,000 amid November's 29% drop from its October $126,000 peak, signaling a tentative recovery. - Ethereum , Solana , and other major cryptos rose 3-5%, while the Crypto Fear & Greed Index improved slightly to 15. - Technical indicators show Bitcoin testing critical levels, with analysts divided on whether $90,000 marks a cyclical bottom or temporary respite. - Institutional flows and on-chain data reveal mixed sentiment, as Fed policy uncertainty and bearish structures persist. - Lo

Bitget-RWA2025/11/27 11:42

The Iceberg Phenomenon: Unseen Dangers of AI’s Labor Force Surface Across the Country

- MIT's Iceberg Index reveals AI could replace 11.7% of U.S. jobs ($1.2T in wages), impacting sectors like finance and healthcare beyond tech hubs. - The tool maps 151M workers across 923 occupations, highlighting hidden risks in routine roles (e.g., HR, logistics) versus visible tech layoffs. - States like Tennessee and Utah use the index for reskilling strategies, while C3.ai partners with Microsoft to expand enterprise AI solutions. - Despite C3.ai's market expansion, its stock faces volatility, reflect

Bitget-RWA2025/11/27 11:26

Where Saving Animals and Supporting People Come Together: The Gentle Barn's Comprehensive Approach

- The Gentle Barn, a California-Tennessee sanctuary, merges animal rescue with human emotional healing through acupuncture, mobility aids, and therapeutic interactions. - Its volunteer programs and $75 season passes support financial sustainability while fostering compassion between humans and rescued animals like turkeys and hoofless goats. - The nonprofit's holistic model attracts attention as a case study in combining veterinary care with mental health initiatives, despite scalability challenges in nonp

Bitget-RWA2025/11/27 11:26
Where Saving Animals and Supporting People Come Together: The Gentle Barn's Comprehensive Approach

XRP News Today: With Tether and USDC under examination, RLUSD from the UAE stands out as a regulatory-compliant stablecoin option.

- Ripple's RLUSD stablecoin received ADGM approval as a regulated fiat-referenced token in Abu Dhabi, enabling institutional use in payments and treasury management. - Pegged 1:1 to the USD with NYDFS oversight, RLUSD ($1.2B market cap) offers compliance-driven alternatives to USDT/USDC amid global regulatory scrutiny. - UAE's ADGM-DIFC regulatory framework positions the region as a crypto innovation hub, with Ripple expanding partnerships through Zand Bank and Mamo fintech . - The approval aligns with UAE

Bitget-RWA2025/11/27 11:08
XRP News Today: With Tether and USDC under examination, RLUSD from the UAE stands out as a regulatory-compliant stablecoin option.