--- title: "What's Going On With Cipher Digital Stock Wednesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/298491691.md" description: "Cipher Digital (CIFR) stock dropped 8% to $16.99 on Wednesday, driven by broad market weakness and profit-taking following a prior rally. Technically, the stock trades below its key moving averages, with $16 as support and $18 as resistance. Despite the decline, analysts maintain a Buy consensus with an average price target of $30.73. The stock retains strong momentum scores but faces pressure from ETF flows." datetime: "2026-09-09T17:45:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298491691.md) - [en](https://longbridge.com/en/news/298491691.md) - [zh-HK](https://longbridge.com/zh-HK/news/298491691.md) generator: "portal-rs" --- # What's Going On With Cipher Digital Stock Wednesday? **Cipher Digital Inc.** (NASDAQ:CIFR) stock fell more than 8% Wednesday as investors pulled back from riskier assets amid broad market weakness. The Nasdaq Composite fell 0.30%, while the S&P 500 declined 0.41%. Cipher Digital’s decline appears tied to broad market weakness and profit-taking after Tuesday’s sharp rally. ## Technical Analysis Cipher Digital shares remain up 84.87% over the past 12 months. However, the intermediate trend has weakened. The stock trades 10.8% below its 50-day simple moving average of $19.14. It is also 17.5% below its 100-day SMA of $20.68 and 7.3% below its 200-day SMA of $18.41. The relative strength index stands at 47.96. That signals neutral momentum rather than oversold conditions. The moving-average picture is mixed. The 20-day SMA sits below the 50-day SMA, a bearish signal. However, the 50-day SMA remains above the 200-day SMA. Traders may watch $18 as a key resistance level near the 200-day SMA. Meanwhile, $16 could serve as near-term support. Cipher Digital reached its 52-week high of $30.14 in June. Since then, shares have pulled back sharply from that peak. **See More: Top Value Stocks** ## Cipher Digital Analyst Outlook The stock has a Buy consensus rating and an average price forecast of $30.73 across 24 analysts. Forecasts range from $22 to $47. **Rosenblatt** maintained its Buy rating and $30 price forecast on Sept. 4. **JPMorgan** lowered its price forecast to $22 from a higher level while maintaining an Overweight rating on Aug. 7. **Keefe, Bruyette & Woods** maintained an Outperform rating and lowered its price forecast to $28 on Aug. 6. ## Benzinga Edge Rankings Cipher Digital has a Momentum score of 91.11 on the Benzinga Edge scorecard, indicating strong longer-term momentum despite Wednesday’s selloff. However, momentum stocks can move sharply in either direction when market sentiment changes. That makes support and resistance levels particularly important for short-term traders. ## Cipher Digital Top ETF Exposure Cipher Digital has a 4.61% weighting in **the Corgi Crypto Infrastructure ETF** (NASDAQ:BLCK), a 6.23% weighting in **the Nicholas Crypto Income ETF** (NYSE:BLOX) and a 5.47% weighting in **the Global X Blockchain ETF** (NASDAQ:BKCH). Because Cipher Digital represents a meaningful portion of these funds, ETF inflows and outflows can contribute to buying or selling pressure in the stock. ## CIFR Price Action **CIFR Price Action:** Cipher Digital shares were down 8.21% at $16.99 at the time of publication Wednesday, according to Benzinga Pro data. *Image via Shutterstock* **Read Also: Brent Tops $100 as Morgan Stanley Warns Oil, Rates Are ‘Main Risks’ to Stocks** ### Related Stocks - [CIFR.US](https://longbridge.com/en/quote/CIFR.US.md) - [CIFU.US](https://longbridge.com/en/quote/CIFU.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [BLCK.US](https://longbridge.com/en/quote/BLCK.US.md) - [BLOX.US](https://longbridge.com/en/quote/BLOX.US.md) - [BKCH.US](https://longbridge.com/en/quote/BKCH.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) ## Related News & Research - [Cipher Digital (CIFR) Receives a Rating Update from a Top Analyst](https://longbridge.com/en/news/300484972.md) - [Freedom Capital Markets initiates coverage of Cipher Digital with hold](https://longbridge.com/en/news/300079309.md) - [Cipher Digital Inc. Announces Proposed Offering of $810.0 Million of Senior Secured Notes | CIFR Stock News](https://longbridge.com/en/news/289047048.md) - [This Insider Has Just Sold Shares In Cipher Digital](https://longbridge.com/en/news/286432147.md) - [Cipher Digital prices $810M of 6.00% senior secured notes due 2031](https://longbridge.com/en/news/289171956.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**