Tom Lee’s Prediction Lifts BMNR Price Hopes, but the Rebound Still Faces a Key Test

Core Viewpoint - BMNR price has dropped nearly 22.7% this week, reaching new lows below $26, but remains up over 160% in the past six months, indicating potential for a rebound despite current volatility [1] Price Movement and Trends - BMNR's long-term downtrend shows stress across major moving averages, with the 20-day EMA crossing under the 100-day EMA on November 14, signaling potential further downside risk if the 50-day EMA also crosses below the 100-day [2] - Short-term charts suggest a possible rebound, but the outcome is closely tied to Ethereum's performance, as BMNR and ETH have a correlation of 0.47, indicating they tend to move in the same direction [9][10] Volume Analysis - On-Balance Volume (OBV) indicates a bullish divergence, with real buyers accumulating shares while the stock price continues to decline, suggesting room for a short-term rebound [4] - The Chaikin Money Flow (CMF) also shows a bullish divergence, having made a higher low while the price made a lower low, indicating larger wallets are re-entering the market [5] Institutional Interest - Tom Lee highlights that institutional investors building large BMNR positions often use this capital to buy Ethereum, suggesting that rising CMF could indicate both accumulation of BMNR and a potential increase in ETH demand [7] Future Outlook - The potential for a rebound in BMNR is contingent on Ethereum's stabilization or price increase, as historical trends show that BMNR typically follows ETH's movements [10]