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BMNR stock price technical analysisThe daily chart shows that the BitMine stock price has been in an uptrend in the past few months. It has jumped from a low of $12.54 to the current $20.24.
The stock has formed an ascending channel and is now nearing the upper side. Also, the stock has jumped above the crucial resistance level of $17.5, its lowest swing in February. It also moved above the 50-day moving average.
Therefore, the stock will likely continue rising as bulls target the key resistance level of $25. A drop below the lower side of the channel will invalidate the bullish forecast.
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