BitMine stock: why BMNR shares are ripe for a rebound

BitMine's stock price has remained under pressure in the past few months as demand for Digital Asset Treasury (DAT) companies waned and the Ethereum price crashed from a record high of nearly $5,000 to the current $1,800. BitMine's stock price technical analysis The daily timeframe chart shows that the BMNR stock price has retreated in the past few months, moving from a record high of $160 in July to the current $20. A closer look shows that it has formed a falling wedge pattern, which is made up of two descending and converging trendlines. In most cases, this pattern normally leads to a strong bullish breakout, especially when the two lines are nearing their convergence. The two lines of the...