Alex Dudov
⬤ IREN just triggered a powerful bullish signal that's caught traders' attention—two bullish triangles forming on the chart. This isn't just random noise. The last time we saw this exact pattern play out, the stock rocketed from $6 to $19, then later exploded from $33 all the way to $70. Now sitting at $52, IREN is flashing the same signal again, and the chart suggests something big might be brewing.
⬤ The technical picture looks solid. Strong upward momentum is building as the stock climbs steadily after those triangles formed. Volume is picking up—always a good sign when you want to see a move stick—and the MACD histogram confirms buying pressure is intensifying. The pieces are falling into place for another leg higher, especially as IREN approaches critical resistance zones that could act as springboards.
⬤ Here's what makes this interesting: IREN has a track record of respecting these patterns. When those bullish triangles appear, they've consistently led to substantial rallies. Many traders are positioning for history to repeat itself, eyeing that $70 level as the next major target. The pattern's proven reliability makes IREN worth watching for anyone hunting momentum plays with solid technical backing.
⬤ Beyond IREN itself, this setup could signal something bigger. If the stock breaks through resistance and confirms this bullish pattern, it might reflect renewed confidence across its sector. A clean breakout would likely draw fresh capital and attention, creating the kind of momentum that feeds on itself. That's why IREN deserves a spot on your watchlist right now.
Alex Dudov
