BMNR BitMine Immersion - Revised Valuation Outlook with Updated mNAV Model
New price targets based on NAV correlation: - At $4,000 ETH: $73 BMNR - At $5,000 ETH: $90 BMNR - At $6,000 ETH: $107 BMNR
From a technical perspective, the chart is eyeing $53.63 as the near-term pivot point—where both the volume shelf resistance and the 618 Fibonacci retracement converge. This level could act as a critical marker before any push toward those higher NAV-based targets.
Current on-chain activity shows trading volume around 3,967,210, reflecting steady market engagement. The interplay between these technical levels and the underlying NAV framework suggests traders should monitor how price respects the $53.63 zone moving forward.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BMNR BitMine Immersion - Revised Valuation Outlook with Updated mNAV Model
New price targets based on NAV correlation:
- At $4,000 ETH: $73 BMNR
- At $5,000 ETH: $90 BMNR
- At $6,000 ETH: $107 BMNR
From a technical perspective, the chart is eyeing $53.63 as the near-term pivot point—where both the volume shelf resistance and the 618 Fibonacci retracement converge. This level could act as a critical marker before any push toward those higher NAV-based targets.
Current on-chain activity shows trading volume around 3,967,210, reflecting steady market engagement. The interplay between these technical levels and the underlying NAV framework suggests traders should monitor how price respects the $53.63 zone moving forward.