BMNR had a solid week overall, though compared to Ethereum’s strong move, it felt somewhat underwhelming. On the bright side, BMNR managed to flip the 9/19 AVWAP resistance into support, which is a meaningful technical achievement. Despite Friday’s volatile session, the weekly close was strong.
The key support zone now sits between $53.45 and $54.90 (AVWAP area), which also aligns with the volume shelf on the chart. Losing that range could trigger a retest of the psychological $50 level.
From a momentum and indicator perspective, BMNR is building towards a potential bullish MACD crossover. If that crossover confirms, history suggests it could spark another explosive move - possibly in the +10–15% range in a single day, similar to previous setups. Here’s what happened the last two times MACD flipped bullish:
Aug 8, 2025: +25% move on the day of the crossover, followed by a total rally of about +68%.
Sep 12, 2025: +15.2% move on the crossover day, and a total run of roughly +33%.
If we take a conservative approach and assume a 25% upside from the current close at $56.65, that projects a potential retest near $70 - provided momentum holds and Ethereum continues supporting broader sentiment.
Upside targets:
$60.44 - $61.24 → Prior support/resistance zone and volume shelf
$70+ → Extension target if price holds above the $60s range
NFA
The key support zone now sits between $53.45 and $54.90 (AVWAP area), which also aligns with the volume shelf on the chart. Losing that range could trigger a retest of the psychological $50 level.
From a momentum and indicator perspective, BMNR is building towards a potential bullish MACD crossover. If that crossover confirms, history suggests it could spark another explosive move - possibly in the +10–15% range in a single day, similar to previous setups. Here’s what happened the last two times MACD flipped bullish:
Aug 8, 2025: +25% move on the day of the crossover, followed by a total rally of about +68%.
Sep 12, 2025: +15.2% move on the crossover day, and a total run of roughly +33%.
If we take a conservative approach and assume a 25% upside from the current close at $56.65, that projects a potential retest near $70 - provided momentum holds and Ethereum continues supporting broader sentiment.
Upside targets:
$60.44 - $61.24 → Prior support/resistance zone and volume shelf
$70+ → Extension target if price holds above the $60s range
NFA
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Enjoying this free analysis? You can find more free content on my X profile
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.