BMNR Stock Price Faces Breakdown Test Despite Staking Growth?
The post BMNR Stock Price Faces Breakdown Test Despite Staking Growth? appeared on BitcoinEthereumNews.com.
BitMine Immersion Technologies (BMNR) is sending mixed signals to traders. On one hand, the company continues to expand its Ethereum staking operation, reinforcing its long-term treasury strategy. On the other hand, the BMNR stock price structure is weakening, and a bearish pattern is taking shape on the daily chart. BMNR is down roughly 21% over the past six months, showing sustained pressure despite a short-term bounce of about 4% over the past five days. This contrast sets up the core conflict. Staking-driven optimism is growing, but the chart is flashing risk. Whether the bullish narrative can overpower the technical damage now comes down to one key price zone. Sponsored A Bearish Head-and-Shoulders Pattern Keeps BMNR Under Pressure BMNR is forming a clear head-and-shoulders pattern on the daily chart. This pattern usually appears after a long advance and signals that buyers are losing control. The left shoulder and head are already in place, while the right shoulder has formed near recent highs. What makes this setup more concerning is where the price sits relative to its trend indicators. BMNR is trading below all its major exponential moving averages. The 20-day EMA was the last short-term support holding the structure together, and it has now been lost. When price trades below these averages, rebounds tend to fade rather than turn into trends. BitMine Price Structure: TradingView The neckline of this pattern slopes slightly downward, adding to the downside risk, as sellers remain in control. If that neckline breaks, the structure opens the door to a deeper 33% decline, potentially extending the broader six-month downtrend. This is the technical backdrop traders are facing, even as staking headlines continue to build. That tension brings the focus to capital flow and whether fresh demand is actually entering the stock to save the collapse. Sponsored Ethereum…
Filed under: News - @ January 20, 2026 2:29 pm