$CAN - Ready to Blast Off! Bitcoin Mining Beast!
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Posted On: 07/25/2025 2:59:11 PM
$CAN - Ready to Blast Off! Bitcoin Mining Beast!
Why It’s Hot: $CAN is a leader in Bitcoin mining hardware, and it’s sitting at a sweet spot for a swing trade run. Priced at $0.793, it’s near support with massive volume and crypto tailwinds. Here’s the DD to get you pumped!
Technicals:
Price Action: At $0.793, hugging $0.781 support (1-day low) after a +27.2% monthly gain from $0.624 (finance card). X posts scream a cup-and-handle pattern at $0.85–$0.90, ready to pop!
Bottom Bounce: Oversold at $0.781, with 52M avg. daily volume (July 22) signaling accumulation. July 14–17 ran from $0.7278 to $0.9953—expect another bounce!
Bullish Breakout: Resistance at $0.85 (recent high) and $1.14 (X target). Break $0.85 with >60M volume, and we’re eyeing $1.00–$1.14 (26–44% gain).
Squeeze: Bollinger Bands tightening, price near lower band (~$0.78). Low BBW hints at a volatility spike, perfect pre-earnings (Aug 14).tipranks.com
RSI (14): ~55, neutral, plenty of room to run to 70.
MACD: Neutral, poised for bullish crossover above $0.85.
Volume: 52M shares, >2x 10-day avg (~25M), screaming buying pressure.
Fundamentals:
Revenue: Q1 2025 $82.8M, +135.9% YoY; 2024 $269.32M, +27.35%. Mining revenue +131.9%!
Balance Sheet: $96M cash, $47M debt, 1,484 BTC (~$149M at $67K/BTC).
$30M share buyback + insider buying by CEO/CFO = bullish!
Analysts: 6 Strong Buy ratings, avg. target $2.67 (low $1.50, high $5.00), +236% upside.
Risks: Nasdaq delisting notice for < $1.00 (May 2025), U.S. tariffs hit demand. Short interest +18.97%, but 1.5 days-to-cover.
Catalysts:
July 2025: Major order with Cipher Mining for A15Pro miners, boosting revenue.
June 2025: Mined 88 BTC, total 1,484 BTC holdings—$BTC at $67K is a tailwind!
August 14, 2025: Q2 earnings could spark a run with FASB gains on BTC.
X Buzz: Cup-and-handle, buyback, and insider buying fuel breakout hype.
Trade Plan:
Entry: $0.79–$0.81 (near support).
Stop-Loss: $0.73
Targets: $0.96 (20%, $20 profit), $1.04 (30%, $30), $1.14 (42.5%, $42.50).
I am looking for a target of $1.30 but will watch the volume carefully
Why It Runs: $CAN’s at a bottom bounce with insane 52M volume, a cup-and-handle setup, and Bitcoin’s $67K strength. Break $0.85, and it’s off to $1.14+ (20–42% gain). Buyback and insiders add fuel. Low float + high volatility = swing trader’s dream!
Why It’s Hot: $CAN is a leader in Bitcoin mining hardware, and it’s sitting at a sweet spot for a swing trade run. Priced at $0.793, it’s near support with massive volume and crypto tailwinds. Here’s the DD to get you pumped!
Technicals:
Price Action: At $0.793, hugging $0.781 support (1-day low) after a +27.2% monthly gain from $0.624 (finance card). X posts scream a cup-and-handle pattern at $0.85–$0.90, ready to pop!
Bottom Bounce: Oversold at $0.781, with 52M avg. daily volume (July 22) signaling accumulation. July 14–17 ran from $0.7278 to $0.9953—expect another bounce!
Bullish Breakout: Resistance at $0.85 (recent high) and $1.14 (X target). Break $0.85 with >60M volume, and we’re eyeing $1.00–$1.14 (26–44% gain).
Squeeze: Bollinger Bands tightening, price near lower band (~$0.78). Low BBW hints at a volatility spike, perfect pre-earnings (Aug 14).tipranks.com
RSI (14): ~55, neutral, plenty of room to run to 70.
MACD: Neutral, poised for bullish crossover above $0.85.
Volume: 52M shares, >2x 10-day avg (~25M), screaming buying pressure.
Fundamentals:
Revenue: Q1 2025 $82.8M, +135.9% YoY; 2024 $269.32M, +27.35%. Mining revenue +131.9%!
Balance Sheet: $96M cash, $47M debt, 1,484 BTC (~$149M at $67K/BTC).
$30M share buyback + insider buying by CEO/CFO = bullish!
Analysts: 6 Strong Buy ratings, avg. target $2.67 (low $1.50, high $5.00), +236% upside.
Risks: Nasdaq delisting notice for < $1.00 (May 2025), U.S. tariffs hit demand. Short interest +18.97%, but 1.5 days-to-cover.
Catalysts:
July 2025: Major order with Cipher Mining for A15Pro miners, boosting revenue.
June 2025: Mined 88 BTC, total 1,484 BTC holdings—$BTC at $67K is a tailwind!
August 14, 2025: Q2 earnings could spark a run with FASB gains on BTC.
X Buzz: Cup-and-handle, buyback, and insider buying fuel breakout hype.
Trade Plan:
Entry: $0.79–$0.81 (near support).
Stop-Loss: $0.73
Targets: $0.96 (20%, $20 profit), $1.04 (30%, $30), $1.14 (42.5%, $42.50).
I am looking for a target of $1.30 but will watch the volume carefully
Why It Runs: $CAN’s at a bottom bounce with insane 52M volume, a cup-and-handle setup, and Bitcoin’s $67K strength. Break $0.85, and it’s off to $1.14+ (20–42% gain). Buyback and insiders add fuel. Low float + high volatility = swing trader’s dream!
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