Bitmine (BMNR), Circle (CRCL), Coinbase (COIN), and MicroStrategy (MSTR), four cryptocurrency-related stocks, have an average decline of up to 70%. Is it worth buying?
The following screenshot is a summary I compiled with AI assistance: the percentage decline from the all-time high (ATH), the current 14-day RSI (<30 indicates oversold, >70 indicates overbought), the next major support level, and whether a buy is recommended (purely technical perspective; please consider fundamentals and market risks for your own judgment).
Among them, BMNR and COIN have extremely oversold RSI, which may lead to a short-term technical rebound, but volatility is very high. MSTR, as a Bitcoin proxy, is currently in the oversold zone. If Bitcoin prices stabilize, it may rebound first, but the unresolved risk is the removal from the MSCI index. CRCL is relatively weaker, with a large decline but RSI not extremely oversold. It is recommended to wait for clearer signals.
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Bitmine (BMNR), Circle (CRCL), Coinbase (COIN), and MicroStrategy (MSTR), four cryptocurrency-related stocks, have an average decline of up to 70%. Is it worth buying?
The following screenshot is a summary I compiled with AI assistance: the percentage decline from the all-time high (ATH), the current 14-day RSI (<30 indicates oversold, >70 indicates overbought), the next major support level, and whether a buy is recommended (purely technical perspective; please consider fundamentals and market risks for your own judgment).
Among them, BMNR and COIN have extremely oversold RSI, which may lead to a short-term technical rebound, but volatility is very high.
MSTR, as a Bitcoin proxy, is currently in the oversold zone. If Bitcoin prices stabilize, it may rebound first, but the unresolved risk is the removal from the MSCI index.
CRCL is relatively weaker, with a large decline but RSI not extremely oversold. It is recommended to wait for clearer signals.