Here’s why Hut 8 is sliding

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Hut 8 slides 9.78% today

Highlights

HC Wainwright forecasts Hut 8 will post negative earnings per share for fiscal year 2025, signaling ongoing financial pressure for the digital asset miner.
No additional company-specific news was reported for Hut 8 in the latest releases, limiting near-term fundamental catalysts.
Technically, HUT trades at $48.87 below its MA-20 ($58.69) and MA-50 ($50.25) with persistent short-term pressure, but the long-term MA-200 at $32.80 offers robust support.

Negative 2025 earnings expected as digital mining pressures outlook

According to a report from equity research firm HC Wainwright, Hut 8 is expected to post negative earnings per share for fiscal year 2025. The report is focused on the company’s financial performance as a digital asset miner. No other company-specific news was reported for Hut 8 in the latest releases.

Anton Kharitonov, expert at Traders Union, notes that Hut 8 Corp remains under short- and medium-term pressure as it trades below the MA-20 and MA-50. He stresses that negative 2025 EPS expectations underline weak fundamentals and sustain a negative investor bias. Technical readings signal oversold conditions, yet the absence of positive catalysts means downside cannot be ignored. Kharitonov cautions that unless the $32.80 long-term support is lost, HUT could stay rangebound with little upside. "Any bullish case is undermined by persistent losses and lack of fundamental improvement — I remain defensive until clear evidence of reversal emerges."

Viktoras Karapetjanc, expert at Traders Union, sees Hut 8 maintaining a bullish structure overall despite recent volatility. He highlights that the strong position above the MA-200 and bullish weekly signals suggest further growth potential. Karapetjanc believes the miners' sector resilience persists even with short-term earnings headwinds. He points to opportunities if price breaks above the $50.25 and $55.78 resistance band. "With the technical foundation intact, I see this market offering multiple setups for traders targeting renewed upside momentum."

Jainam Mehta, market strategist, notes the divergence between bearish intraday sentiment and strong weekly momentum indicators. He sees tactical opportunities for a contrarian play if dynamic resistance is cleared and volatility persists. Mehta emphasizes that price action near $50.25 will likely determine the next impulse. "A swift move above resistance could trigger a sharp reversal, so nimble traders should watch for confirmation this week."

Oversold conditions and mixed momentum amid persistent intraday losses

The nearest dynamic resistance for HUT sits at $50.25 (MA-50), with Ichimoku’s kijun at $55.78 acting as the next significant reference above, while long-term support holds at $32.80. Momentum signals are mixed: the daily MACD flashes a strong buy, but the ADX is weak, underscoring limited trend strength. Oscillators including RSI (47.67), Stoch RSI, CCI, and BBP all show oversold readings, indicating sellers have dominated recent momentum. Today’s deep selloff featured a gap down at the open and intraday volatility has been high, with persistent downside pressure throughout the day. Divergence among momentum indicators underscores prevailing bearish sentiment intraday, despite some bullish signals in technicals.

Previously it was reported that Hut 8 Corp is experiencing short-term weakness as it trades below its 20-day moving average while maintaining a bullish medium- and long-term structure above the 50- and 200-day averages. Momentum indicators remain mixed, with strong weekly technical signals supporting consolidation and rebound potential between key support at the 50-day average and resistance at the Ichimoku Kijun.

Source of Data: HUT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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