$IREN Ltd(IREN)$ $Marathon Bancorp Inc.(MBBC)$ $CleanSpark, Inc.(CLSK)$ ๐ฏ๐ฅ From Grid Power to Price Tower: $IREN Charges Toward $23+ With Energy to Spare โก๐๐
$IREN has delivered an explosive vertical run off its $5.12 base, surging +230% in under 3 months. So encountering resistance into the $18.50โ$19.00 zone was always going to prompt some consolidation. Momentum doesnโt run in straight lines forever.
From a structural standpoint, the current price behaviour isnโt weakness, itโs sequencing. Weekly candles are rotating just beneath a key inflection zone, with both RSI (85.9) and MACD stretched but not diverging. A controlled retracement into the $14.40โ$15.20 demand zone would be technically healthy and set up the next impulsive leg higher. Provided that zone holds, the roadmap toward BTIGโs $22 target remains intact.
The projected Fibonacci extension and harmonic symmetry converge around $23, and a weekly close above that threshold could initiate the move toward the $28โ$30 cluster. Longer term, $55 remains on the radar as the top-end of the macro measured move from the 2023โ2024 accumulation range.
This is a textbook case of parabolic energy meeting cyclical pause, with bullish continuation only a structure-confirmation away.
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