Key Insights: BitMine (BMNR) stock price dropped 10% today and 37% this month after Ethereum fell below $3,000. The stock now watches the $23. 32 support, which sits about 25% below current levels. One RSI signal hints that selling pressure may slow, but weak money flow keeps the risk high. BitMine (BMNR) stock has fallen again as Ethereum dropped under $3,000 for a short time. The stock is down about 10% today and has fallen 37% in the last month. This fall has also increased BitMine’s paper loss because the company holds a large amount of ETH. Now the question is simple: can the stock find support soon, or will it drop another 25% toward the next major level? Ethereum’s Drop Has Increased BitMine Paper Loss BitMine (BMNR) holds about 3. 55 million ETH. This is a very large amount. Its average cost for the ETH is around $4,017. But Ethereum now trades near $3,120 after falling 3. 8% in the last 24 hours and 15. 8% in the past week. ETH price even dipped below $3,000 for a short time. When the price drops this fast, the company’s paper loss grows quickly. The loss is now close to $3. 19 billion. However, this is not a real loss unless they sell, but it still makes investors nervous. The weak price action in Ethereum has also pushed the BMNR stock price under the important $35 support. This level held for a few days. Once it broke, the next support showed up near $23. 32. If the BitMine stock falls to this point, it would be about a 25% drop from where it trades today. BitMine Stock: Money Flow Is Weak, but One Strength Signal Appears Money flow for the stock remains negative. The CMF indicator, which shows if money is entering or leaving an asset, is near -0. 38. A negative reading means more money is leaving than entering. CMF also broke below its trendline. This shows that selling pressure from big wallets has been rising for some time. Even with this weakness, one small positive sign has appeared on the chart. Between 27 June and 17 Nov., the BitMine stock made a higher low, but the RSI made a lower low. RSI measures strength in price moves. When price and RSI move in opposite ways like this, it can mean that selling pressure is slowing down. It does not guarantee a rebound, but it shows that buyers may be watching the current levels closely. If selling slows near $23. 32, the stock may try to bounce again. Also, this form of hidden RSI divergence hints at broader trend continuation. And it is positive for the BitMine (BMNR) stock price, considering its nearly 900% upmove over the past six months. The Bigger Trend Is Still Strong if Support Holds BitMine stock has a very strong longer-term trend. It is still up more than 867% in the last six months and up 321% this year. This shows that the company has grown a lot during this cycle. The uptrend can stay alive if the stock holds the $23. 32 support and forms a clean bounce. If that happens, buyers may return slowly as Ethereum also tries to recover. But if the BMNR stock falls under $23. 32, the drop may continue before the next recovery attempt starts. This level is important because it decides whether BitMine stays in its strong trend or enters a deeper correction. For now, the stock sits between weak money flow, rising paper loss, and one early sign of strength on the RSI. How it behaves near $23. 32 will tell traders what comes next. The post BitMine Stock Drops Again As Ethereum Loses Key $3,000 Level appeared first on The Coin Republic.
https://bitcoinethereumnews.com/ethereum/bitmine-stock-drops-again-as-ethereum-loses-key-3000-level/
Tag Archives: continuation
TON Price Prediction: Target $2.70 by December 2025 Despite Current Consolidation
Toncoin (TON) is trading at a critical juncture near its 52-week low of $1.82, presenting both opportunities and risks for traders. Currently priced at $1.85, our TON price prediction analysis uncovers a complex technical setup that could dictate the cryptocurrency’s direction through the end of the year.
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### TON Price Prediction Summary
In the short term, TON’s key target is the $2.09 level, which aligns with the 20-day Simple Moving Average (SMA) and the middle Bollinger Band. A decisive break above $2.09 would likely trigger upward momentum toward the immediate resistance at $2.36, and potentially reach the $2.70 price target.
This bullish forecast is supported by stochastic indicators, with the %K line sitting at 9.65, signaling oversold conditions that typically precede a reversal. Additionally, TON is currently trading at a 55% discount from its 52-week high of $4.11, providing a substantial upside runway once positive momentum takes hold.
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### Bearish Risk for Toncoin
On the downside, the bearish scenario becomes relevant if TON breaks below the critical support level at $1.79. Such a breakdown would target a much stronger support at $0.55, representing a steep 70% decline from current levels. However, given TON’s proximity to the 52-week low of $1.82, the downside appears limited before buyers are likely to re-enter.
Key risk factors include broader weakness in the cryptocurrency market and the possibility of TON failing to hold above the lower Bollinger Band. A breach here could accelerate selling pressure toward the $0.55 support zone.
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### Should You Buy TON Now?
**Entry Strategy**
Based on our technical analysis, the current risk-reward setup favors patient accumulation near established support levels. Your decision to buy or sell TON should depend on your risk tolerance and investment timeframe.
– **Conservative Entry:** Wait for TON to break above $2.00, which corresponds to the 12-day Exponential Moving Average (EMA), and place a stop-loss at $1.75. This approach targets the $2.50 to $2.70 range, offering a favorable 3:1 risk-reward ratio.
– **Aggressive Entry:** Buying at the current levels around $1.85 may be attractive, with a tight stop-loss set at $1.78 (just below immediate support). The target remains the same $2.50 to $2.70 zone.
Given the approximately 15% potential downside risk to the strong support at $0.55, it is advisable to allocate only a modest portion of your portfolio until TON clearly breaks above the $2.09 resistance level.
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### TON Price Prediction Conclusion
Our TON price prediction maintains a cautiously optimistic outlook, with medium confidence in reaching the $2.70 target by December 2025.
The technical setup supports a potential 46% rally once TON clears the $2.09 resistance, in line with analyst consensus targeting the $2.50-$2.70 range.
Key indicators to watch include:
– RSI breaking above 40, confirming positive momentum
– MACD histogram turning positive
– Price action sustaining above the $2.09 middle Bollinger Band
If TON fails to hold the $1.79 support, this bullish scenario would be invalidated, prompting a reassessment of downside targets.
The expected timeline for initial targets is 4-6 weeks, with the full potential of $2.70 likely achievable by the end of 2025. This forecast provides a clear framework for position management and profit-taking strategies.
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*Disclaimer: Cryptocurrency investments carry significant risk. Always perform your own research and consider your risk tolerance before trading.*
https://bitcoinethereumnews.com/tech/ton-price-prediction-target-2-70-by-december-2025-despite-current-consolidation/
ATOM Price Prediction: Targeting $3.25-$4.56 by December 2025 Despite Short-Term Consolidation
**ATOM Price Prediction Summary**
The short-term target for ATOM is followed by a stronger resistance level at $4.51, as identified in the technical analysis. To reach the medium-term target of $4.56, ATOM needs to reclaim the 50-day Simple Moving Average (SMA) at $3.50. Achieving this would signal a return to the primary uptrend.
The Moving Average Convergence Divergence (MACD) indicator is showing early signs of a bullish crossover potential. A sustained move above $3.50 could accelerate the price toward the $4.00 to $4.56 range within the projected 4-6 week timeframe.
Key catalysts supporting this bullish ATOM price prediction include the overall trend remaining bullish despite recent consolidation. Additionally, ATOM’s current price is significantly below its 52-week high of $5.38, suggesting there is room for recovery.
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**Bearish Risk for Cosmos**
The primary risk to this positive Cosmos (ATOM) forecast lies in a breakdown below the critical support level at $2.35. Falling below this level would invalidate the bullish technical setup and potentially target the 52-week low at $2.51, which would represent approximately a 13% downside from current levels.
Additional bearish signals to watch include the Relative Strength Index (RSI) breaking below 40 and the MACD histogram turning consistently negative.
Currently, the Fear & Greed Index stands at 22 (Extreme Fear). Any broad weakness in the cryptocurrency market could put pressure on ATOM, potentially leading it toward the bearish scenario despite strong technical fundamentals.
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**Should You Buy ATOM Now?**
*Entry Strategy*
Based on our Cosmos technical analysis, the current price around $2.89 presents a reasonable entry point for investors bullish on the medium-term outlook. However, more conservative investors might prefer to wait for:
– A breakout above $3.37 for momentum confirmation, or
– A dip toward the $2.35 support level to optimize risk-reward positioning.
**Aggressive Entry Strategy:**
Buy ATOM at current levels (~$2.89) with a stop-loss set at $2.30 (below critical support).
**Conservative Entry Strategy:**
Wait for a pullback to the $2.40–$2.50 range or a breakout above $3.40 before entering.
Position sizing should consider the approximate 20% stop-loss distance, recommending risk management of 2-3% of your portfolio maximum for this ATOM price prediction.
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**ATOM Price Prediction Conclusion**
Our comprehensive technical analysis supports a moderately bullish price prediction for ATOM with medium confidence. The combination of a neutral RSI, building MACD momentum, and strategic positioning within the Bollinger Bands indicates that ATOM is preparing for its next significant upward move.
The base case scenario targets $3.25 within one week and a movement toward $4.00–$4.56 within 4-6 weeks, representing an upside potential of approximately 12% to 58%.
Key validation signals include breaking above the $3.37 resistance level and maintaining support above $2.35. Investors should also monitor the MACD indicator for a sustained bullish crossover and watch for volume expansion above 10 million daily to confirm this Cosmos forecast.
The timeline for reaching our ATOM price targets extends through December 2025, with the first major test expected at the $3.37 resistance level within the next 7-10 trading days.
**Confidence Level:** Medium (based on mixed short-term signals but a constructive medium-term setup)
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*Image source: Shutterstock*
https://Blockchain.News/news/20251109-price-prediction-atom-targeting-325-456-by-december-2025