Sergey Diakov
⬤ IREN stock climbed after confirmation that IREN Limited will join the MSCI USA Index following Friday's close - a development that may push index funds to accumulate shares fast. Benchmark inclusion means passive funds tracking the index are required to adjust their holdings, which naturally drives up demand. Shares were sitting near $43-$44 at the time, while the average analyst target hovers around $79-$80. That's a pretty wide gap. IREN stock climbs toward $79 analyst target as MSCI USA Index inclusion spurs demand - and the mechanics behind that move are becoming clearer by the day.
⬤ Zoom out to the monthly chart and the picture gets interesting. IREN rallied hard from 2023 lows all the way past $60 in 2025, then pulled back into a tightening consolidation. Technicians are reading this as a wedge - price getting squeezed between converging trendlines ahead of a potential breakout. IREN stock compresses in wedge pattern as $60-$70 breakout approaches, and the timing lines up almost too neatly with the MSCI rebalancing event.
⬤ The ride hasn't been smooth. Recent pullbacks tested investor patience, and not everyone held firm. IREN stock drops to $43 after losing key support and eyes $36 level - that kind of analysis highlights just how critical support zones are within the broader uptrend. Still, even after the dip, the stock remains well above its historical base, and the $80 average analyst target keeps upside potential very much on the table.
⬤ MSCI USA Index inclusion isn't just a headline - it introduces real mechanical buying that goes beyond fundamentals. Funds rebalance, volume spikes, liquidity shifts. Layer that on top of a compressing wedge pattern, and IREN finds itself at a genuine inflection point where chart structure and passive flow could intersect in a meaningful way. How price behaves around current levels may well define the next leg of momentum.
Sergey Diakov
